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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (18218)3/6/2004 6:32:39 PM
From: GraceZRead Replies (2) of 306849
 
a situation where the company resides in one country and the factors of production are in another-

I thought your specialty was supply chain? The factors of production have resided in other countries since we first started importing parts made overseas. Would you feel better if the whole company moved to India instead or go out of biz because they can't compete with foreign companies that don't have these constraints?

Tell me how it is essentially different, buying a circuit board or an intangible intellectual property or skill from overseas? Except for the fact that it is now your job which appears to be threatened instead of some blue collar line operator, they are both factors of production. To not go after the economies provided by finding a less expensive source simply gives your competition a leg up.

IP based economy where a portion of the product produced resides in someone's brain

Intellectual property has been around since the first guy showed up with a wheel.

Skills and intangibles have always resided in people's brains. Skills and intellectual property are very much a part of the value that resides in any enterprise. People don't pay me for the technology I employ in my job (it's changed drastically over time), they pay me for the 30 years experience dealing with images, as well as the speed and reliability with which I solve their problems. If some guy in India can do what I do cheaper and better, then I'd be the first to tell my clients to go to them. The last thing I'd be screaming for is protection from that because it would lock me into a job in which I can no longer effectively compete. I'd want to be freed up to study to do something else where my particular skills add value. If my job becomes easy enough for some cheap labor guy from a third world country to do, I want out to do something else.
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