Lizzie, >Labor dumping, offshoring etc. is another matter. This destroys companies that execute poorly like Oracle, and makes our technologies like wintel victim to foreign markets that don't always play fair. We saw this in the 80s with the japanese dumping of consumer electronics.<
I agree with you, however, with the advent of the internet and we as stockholders holding out for "maximizing the profits for stockholders by corporations, corporations can send tasks to 3 different consecutive timezones to get work completed within 24 hours. The result will be lowered cost, and increased productivity appearing on the books of US corporations and therefore high profits and returns for the shareholders. US employees may not like this process but that comes with globalization, the internet and competion.
As I recently stated to a UAW organizer, what is needed is to organize the rest of the world (china, india, etc.), the WTO, etc. to provide them the benefits that we in the US have. However, this will take time which the US employees do not have. Currently, we can not compete.
Trade wars or an isolation philosophy in the US will not work in my opinion.
Just my opinions.
Paul |
