The US Labor Force: One Foot in the Third World

Discussion in 'Economics' started by K.C., Jun 14, 2005.

  1. Blaming our labor problems on education is kind of ridicuoulous when companies like IBM (and Microsoft) lay off thousands of qualified Americans with college degrees and years of job experience, lay off tens of thousands of equally qualified Europeans and hire equal number of Indians in Bangalore willing to work for $3-$5 hour. What exactly does it have to do with education?

    Of course the situation in american schools will only get worse, personally am going to do my best to talk my kids out of pursuing technical/engineering/scientific careers as anything that can be outsourced will eventually be outsourced and no amount of education can possibly offset labor cost arbitrage.


    PS Friedman will only get it when his job is outsourced, any semi-educated english speaking Rajiv or Kumar can write the garbage he is writing.
     
    #21     Jun 14, 2005
  2. You are correct about most of this. I don't disagree at all. But what is the solution? If you ban outsourcing, you are basically erecting a barrier to trade in services. That is probably illegal under GAT, not to mention exactly the opposite of our current goals in trade negotiations.

    It's hopelessly naive to say "bring the working conditions at these outsourcing venues up to our level". Sounds good but the gap is too vast to close in a realistic timeframe.

    Trade barriers have a way of multiplying as well. If you ban imports of something, you put the companies that use that product at a competitive disadvantage. Their costs are higher than their foreign competitors, so there is immediate pressure to assist them with additional trade barriers.
     
    #22     Jun 14, 2005
  3. It is not legal in our country to discriminate based on race or ethnicity. And, it shouldn't be legal to discriminate against poor people in other countries on the same basis.
     
    #23     Jun 14, 2005
  4. While I find this argument particularly silly, nevertheless it's legal to discriminate based on whether a person is an american citizen and/or american taxpayer.
     
    #24     Jun 14, 2005


  5. Amen to that... and arrrgghh...

    But also sooner or later - probably sooner i believe - the hidden inflation that is rampant in the USA will fizzle out like a released balloon...

    For example, i have eaten at the same restaraunt in Monterey, CA for 30 YEARS... the cost of their small green salad with carrots and tomatoes, etc was .85 cents in 1975... Yes, 85 cents... Now in 2005 it is $6.85 cents... Quanity and quality are the exact same.

    Outsourcing may work in the short run for corps but in the long run they are gonna get nailed to... only the biggest and the baddest will survive since only they can cut costs the lowest for the public who will have a LOT less to spend... what goes around comes around...


    :(
    __________________
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    #25     Jun 14, 2005
  6. moo

    moo

    What a bunch of leftist propaganda. It's very sad that people actually believe this nonsense.
     
    #26     Jun 14, 2005
  7. mhashe

    mhashe

    Most of it sounded like ignorant right-wingers mouthing off. Ofcourse leftists are just as bad.
     
    #27     Jun 14, 2005
  8. What does it have to do with "beliefs"? No one even attempted to challenge and dispute facts and information presented in the article. Anyone is certainly free to believe in whatever he/she wants to and not let the facts interfere with those beliefs.

    As far as being leftist propaganda:
    "Paul Craig Roberts has held a number of academic appointments and has contributed to numerous scholarly publications. He served as Assistant Secretary of the Treasury in the Reagan administration. His graduate economics education was at the University of Virginia, the University of California at Berkeley, and Oxford University. "
     
    #28     Jun 14, 2005
  9. As a centrist-libertarian you all appear wacky... said the man in the mirror....

    :D
    __________________
    HAVE STOP - WILL TRADE

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    #29     Jun 14, 2005
  10. Agree - Paul is an honorable writer...

    _________________
    HAVE STOP - WILL TRADE

    If You Have The Vision We Have The Code
     
    #30     Jun 14, 2005