posted on Feb, 9 2014 @ 04:52 AM
reply to post by CleanCare
Cost efficiency trumps quite a bit in the view of corporate execs...
This is one of the greatest "problems" or rather, dilemmas of current American companies. In effect, these companies have indeed done some good in
outsourcing manufacturing, specifically, to China and East Southeast Asian countries. It has helped these countries tremendously in increasing their
economic foundation and stability, ultimately the welfare of the people...
However, when it comes to China, specifically, they have so many people (1.4_+billion) that the per capita average wage is still very low, thus low
welfare for its citizenry. In fact, when people say China "owns" the U.S., not only is that false, but in order for China's populace to be
generally as "well off" as your average American citizen, their GDP would need to be triple, maybe even 4 to 5 times that of the U.S.
That being said...this outsourcing by many major U.S. companies HAS hurt the U.S., specifically, jobs. Right now, jobs are on a very close tight rope,
and it isn't going to get much better any time soon methinks. By witholding these jobs from American citizens, at this point, is indeed not only a
domestic problem, but international as it would affect prices of many products, international trade, and many of these country's economic stability,
namely the ones we have highly outsourced to.