posted on Aug, 31 2008 @ 11:48 AM
reply to post by sickofitall2012
I remember arguing a long time ago on this subject with a long gone member.
His attitude was that, although all the jobs were being outsourced to Asian countries, the US parent companies still owned the technology and reaped
the rewards in bigger profits. I just could not get the point across that sure, the boardroom execs and big shareholders get richer, but what about
all the workers who lose their jobs to cheap labour overseas?
They can't get similar paying jobs anymore due to all the outsourcing and so their level of consumer goods purchasing goes down, thus creating a
further downturn in manufactured goods being imported / sold in the country that used to make them. That will have a big impact on the economy.
If the same anti-pollution laws and labour laws applied in the developing nations, we'd see a stop to outsourcing very quickly.