Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (159005)	8/10/2003 5:59:12 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

here is the IEEE's recommendation to congress on the outsourcing issues cspo.org The numbers and statistics he sites are something of a gross understatement of the situation though, because the majority of outsourcing that I have seen is achieved with companies like applied materials contracting out with foreign workers and not with an offshore employee relationship. So one applied worker here has a team offshore doing stuff, on the books it looks like any other expense. This is the real reason the productivity numbers are so high imo. That one worker now looks like a team in the productivity stats here. Its not a "new economy miracle" exactly, the commerce dept needs some new metrics imo. I'm all for free market economics, myself, but in order for things to be really free currencies need to float. The Yuan today is equivalent to japan dumping on our consumer electronics industry in the 80s, except it is labor dumping this time. On our side I'd just like to reform the payroll tax, that won't work in a global competitive situation, shift that tax burden to corps I say, or dump SS altogether. And get rid of the visas, those were always bogus anyway. I am looking for double digit white collar unemployment in 04 because I see the offshoring trend is just hitting the smokestack industrial companies, also I think Bush will be defeated over these economic issues. Whoever comes in will probably raise taxes on passive income I suspect. If you have any free time go through the letters at congress.org it is enlightening, and goes on for hundreds of pages! congress.org "We're moving more and more of our engineering work to India, to Poland, to Mexico and to Brazil," said Delphi Chairman J.T. Battenberg during a presentation to analysts and investors earlier this week. "These are locations where talent is strong and costs are comparatively low." biz.yahoo.com