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Re: Theos-World Re: Outsourcing of jobs and American jobs.

Feb 12, 2004 11:50 AM
by Bart Lidofsky


somethingnew372004 wrote:
Well let's just see the result if America stops outsourcing. Companies will need to save money so ther would be less employed who would have to work for less and work a whole lot more hours, in other words, be corporate slaves. It's either that or the company goes bankrupt. Productivity will go down which means less profits and this causes a vicious cycle since less money would be generated to hire more employees. This means more low paying jobs, or less jobs, and no free time.
You are, of course, assuming that the savings are passed on to the customer. However, that is not the case. The principle is more short-term cutting of expenses, giving a temporarily higher profit, with major rewards to the CEO. The Board of Directors is, of course, made up of a group of connected people, all of whom take turns being CEO's of other corporations. The cuts in expenses end up severely injuring or destroying the company, but by the time this has happened, the CEO has bled it dry.

Bart




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