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Outsourcing Evolving
Shree writes "An article at NYTimes suggests that the outsourcing mantra is shifting to reasons of hiring global talent, tapping new potential minds and amassing top global human resources. Its not just software companies trying to save a buck by outsourcing; now its about Berkely trying to hookup with Tsinghua University and institutes in India, and companies like IBM and Microsoft looking to setup R&D labs in Asia."
Is that the entire reason? My aunt works in chemical engineering, and they regularly outsource their mathematical modelling to Polish universities. It would be cheaper to employ people to do it, but they don't for the simple reason that you can't get the mathematicians/physicists in the UK.
EXACTLY! Mod this man up as much as you can. :P), saving you tons of money you can put to use in investments etc.
Younger Americans are really caught between a rock and a hard place now. Renting is one of the worst financial moves you can make(the others being credit cards and interest only adjustable rate mortgages). Even if your home doesn't increase in value you are still better off owning than renting, because every month instead of paying a landlord, you are paying a bit to a bank and the rest to yourself. And by the time you totally pay off your home, you don't have to pay a monthly fee to anyone(well, perhaps the government
The problem for people who got to the game too late to get a house cheap is that it's almost impossible for us to own homes. First and foremost you have the cost: Home prices AND rents have been spiraling ever higher, but wages have not. So while we are making money, what little we can save after paying outrageous rents hardly makes a dent in the downpayment we would have to pony up just to get a mortgage at a reasonable rate.
The second of course is job security. Owning a house doesn't make any sense if you aren't going to be in the area more than 5 years, but how many of us here can say they have a job secured in their area for that long? If you sell it before is up, all the interest and fees would have made it hardly worthwhile....
I see the US becoming more and more like places such as Italy and Japan where kids live with their parents till they are married, and maybe even a bit after that. When I was working in Japan, my co-worker was a 30-something graduate of the University of Tokyo making good money, but he still lived with his parents? Why? Because he could actually afford a decent lifestyle that way(such as owning a car!) As much as people like to make fun of nerds living in their parent's basement, if I wasn't in Germany right now and could find a job close to my mom's house, I would live in her basement for a while. It's getting harder and harder not to....
Monstar L
There are plenty of qualified people to fill the jobs that these executives want to export. I have met many qualified applicants for many jobs that were simply overlooked because a different word was used on a resume, or there weren't enough letters in a specific title or some other stupid bullshit reason. I also know that there are many other places where one can aquire a quality education without having to spend time in a classroom. I know a lot of stuff, and most of this stuff was learned from nights spent reading books, doing the excercises and from doing experiments.
Yes, I went to college, and yes, I graduated. However, I have no formal education whatsover in the I.T. industry. The field in which I got my degree was made obsolete by all of the "Free Trade" Agreements. Even though I have no formal education in I.T., I do write code for a living and have taught college graduates in the I.T. field many things. I have also fixed the mistakes of many college graduates and yet, it is the college graduates in the field who get the credit as well as the money for the work I have done. I do not resent college graduates nor do I believe that their knowlege is necessarily any less than mine. I have worked with many smart people who have graduated college and was impressed with the knowlege and skills. However, I have worked with many just as smart people who have learned their profession on their own.
I am 38 years old, and I can definitely see why high school graduates may have second thoughts about attending college. If I had to depend on student loans in order to make it through college, I would not go. There are many people who are finding themselves to be outsourced before they have paid back even half of their student loans!!! In the Police States of Amerika, we have governments that work against small businesses as well as employees. We need to quit voting for Democrats and Republicans (in America). Both are EQUALLY GUILTY for the decline America is currently experiencing. People in other nations should also discard candidate in the top known political parties in their respectiver nations. The top parties in each nation usually have their campaigns financed in one way or another by the top money. Top money is what these lawmakers end up working for. It is time to change that, one way or ANOTHER!!!!
My message to Phillipeanos and Indians is that I do not doubt your capabilities or your smarts, or your willingnes to work. There are good, bad, ugly, pretty, smart, and stupid people in every country in every part of the world. From the media such as newspapers, TV news outlets and other places, you have most likely heard that most Americans are stupid, lazy, do not care about a thing, and live lives of luxury. This could be further from the truth! Most of my fellow Americans work two jobs just to make ends meet. Right now Indians and Phillipeanos may be experiencing an economic boom, but I guarantee that the outsourcing of your jobs is coming within the next few years. When the multinational cartels find other smart people that they can exploit for a cheaper price, then that is what they will do. You and your families be damned as far as they are concerned. The executives will then claim that they cannot find "qualified" people in India or the Phillipeans and are "foced" to look elsewhere. This is what happens when what is called "money" has it value arbitrarily set. When small time money printers print money, it is called "counterfeiting." When governments or Federal Reserve banks do it, it is called "Monitary Policy." The paper based currencies of most nations are backed by nothing, so the real value of this currency is almost nil. Talk about the blind faith of the religionists around the world. There is more blind faith being demonstrated on payday than any other day of the week.