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Strategies & Market Trends : India Stocks
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To: Sam Citron who wrote (579)7/10/2004 1:43:07 PM
From: Cary Salsberg  Read Replies (1) of 2517
 
RE: "Global Labor Arbitrage "one of the most important mega-trends of our time"

What a fancy name, "Labor Arbitrage", for exploiting low cost labor! The trend did not start in "our time" and I wonder if the numbers will compare to the manufacturing job losses of previous times. It is certainly true that very few domestic jobs are safe and there are no simple platitudes like "improve education and training" to provide a hope for a remedy.
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