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Politics : Formerly About Applied Materials

AMAT 320.46

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10:39 AM EST

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To: Cary Salsberg who wrote (46357)	5/7/2001 5:37:22 PM
From: Sam Citron	Read Replies (3) of 70976

"Hooray for free trade". Your tongue is showing through your teeth, Cary. Who is exploiting whom? Is it exploitation for PMM to offer jobs to Ghanaian graduates at prevailing local wage levels? Is it realistic for parents in the most expensive part of the earth to expect their children to enjoy an anti-competition shield against highly qualified job seekers from lower wage countries? Professional services firms will continue to find creative expressions of wage arbitrage in spite of thinly disguised attempts at protectionism. Who wins and who loses from all of this? Is it really the "exploitation of cheap foreign labor"? IMHO, it is the Ghanaian job seeker who wins, or he would not accept the job above all others. It is the expensive domestic labor pool that loses. It will all come out in the wash, however, as your children's increasing job insecurity will be counterbalanced by the savings you realize on auditing costs of your portfolio investments. But fear not -- future profits will derive more from the exploitation of ignorance than from the exploitation of cheap foreign labor.

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