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

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To: tsigprofit who wrote (13042)	4/6/2004 3:30:36 PM
From: James Strauss	Read Replies (2) of 13094

Outsourcing - what is really going on Workers asked to train foreign replacements Tue Apr 6, 6:44 AM ET Add Business - USATODAY.com to My Yahoo! Matt: It's a double edged sword... Most companies use word processors instead of typewriters... I'll bet there aren't as many typists as there were 20 years ago... The computer has put people out of work while creating new jobs requiring training... Moving jobs overseas is not popular politically but may be necessary for many U.S. companies to compete globally and keep their doors open... Bank of America is laying off 10,000 people, Lucent layed off over 50,000 employees in years past... In business, to be profitable, and survive, you've got to do what you have to do... It's not always fair... It causes much pain, but it allows the enterprise to stay in business and keep the balance of its workers employed... The question we have to ask is, if the work isn't outsourced will these companies be able to compete with other global entities? If the answer is no, what choice do they have... If the answer is yes, the next question to be asked is will they be fair to their investors if they are not trying to maximize their return on investment... Unfortunately, this is not a black and white issue... We have to hope that companies with healthy profits will be in a position to expand and hire more workers... Companies that are not competitive due to higher relative costs than their global competitors will eventually lose market share and may go out of business... Jim

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