News

Stuff you must have for an exciting life. Welcome to Lifestyle News. See list.Browse fashion, datingtips, women, or men.

I got this comment from someone who is really upset by outsourcing and challenges of finding jobs in the US. Personally, my position is that bitching about outsourcing doesn't help anyone. Globalization is a reality and if you don't like it, you will gain nothing. The best thing to do is to understand it, analyze how it affects you, and then react. We really are in the "survival of the fittest" situation now. Here is the comment from someone who calls himself "swazendo."

"We will actually be competing with folks in India for jobs -

I have been competing with folks in India for jobs. I don\'t know how you get paid, but, how long could you compete against someone who will cost your employer 1/5th of what you currently get paid? Please explain exactly what you would do, realistically.

And while it will be painful for some, in the long run, we will learn to do what creates the highest value for our businesses.

Take a course in macro economics -- in the long run we're all dead and it is already painful not for just some but for many -- look at unemployment and you just watch happens in the future to this country. It's easy for you to comment away on this stuff but until you jump in the pool and experience first hand what "painful" is (compete at 1/5th the wage) , your comments are as meaningful as teats on a bored pig."

Labels: , , , ,

Productivity growth sucks

Improvements in productivity are critical to growth of an economy, particularly ours, since our wages are so high. IHT reports that "The productivity of American workers slowed to a standstill in the summer while wage pressures were rising at the fastest clip in more than two decades, a combination likely to raise inflation concerns at the Federal Reserve." In other words, interest rates may remain high or even go up - not good for the poor American who is barely managing to keep up.

Labels: , , ,