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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: xcr600 who wrote (12759)9/22/2003 2:08:32 PM
From: James Strauss  Read Replies (2) of 13094
 
All those savings allow companies to retain their work forces, outsourcing company reps said again and again during the debate. Without outsourcing, North American companies would have to fire more workers.

xcr:

No doubt many countries have low cost of production advantages... While bad for displaced American workers, it's good for consumers who pay less for products and companies who are trying to cut their costs... Short term it's very painful on a micro level for each affected U.S. worker... Longer term, on a macro level, it's part of the economic evolutionary process that has moved us from an agricultural economy, to a manufacturing economy, to a service economy... It forces us to be more creative technologically... We saw this in the 80's with Intel grabbing world leadership in chip making from the Japanese... We'll see it again as America continues to re-invent itself across all areas of the international economic spectrum...

Jim
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