Slashdot Mirror
Pros and Cons of Tech Offshoring?
An anonymous reader asks: "There's an interesting analysis of tech offshoring at the moment posted on Membox. It looks at the pros and cons of the practice in two separate articles. Since this is a big issue in tech at the moment, it's good to see the arguments on each side given so clearly. What effect do Slashdot readers think offshoring is having on the industry?"
Whoops. All the gold standard did was tie the dollar to a quantity of a somewhat rare mineral.
Thus- to quote the website I linked to in the other response- providing an OBJECTIVE VALUE FOR MONEY based on scarcity instead of labor.
If we were on a gold standard and all of the people died tomorrow, how much gold would a gallon of milk be worth? The gold standard doesn't change the answer to your question.
True enough- but it's better than always changing the value of things due to some people having more money than others.
Economics is always about an agreed upon valuation. Which you're calling a myth because you think that gold has intrinsic value. But it doesn't, so that theory's kinda kaput.
It actually does- due to it's scarcity. At least, it's a far more objective value than labor is.
And whew! Talk about an unstable system. The current system offers a lot more of a tie to "reality" than the gold standard ever did.
Really? And what reality is that? The reality of made up information?
SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.