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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (14177)	10/7/2003 6:47:49 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

There is this key issue with offshoring and proponents won't own up to it. When we "offshored" IT, which is something underway at most large IT shops in the US, we also destroyed the market for lots of companies especially software. this is of course true. not only does it destroy local markets, but of course it destroys lots of jobs. and then it puts wage pressure on the jobs that remain. which, in time, will result in fewer qualified people being interested in those jobs. but i think you're going a little far to say that a co like Oracle was stupid to offshore. why should they pay somebody 120K to live in an overpriced house in Silicon Valley when they can pay somebody in Bangalore 10K or whatever, who is a graduate from IIT and just as smart as the SV dude. to ask Oracle to be the champion of overpriced jobs is a bit much. they would just bankrupt themselves as all their competitors went offshore and obtained much lower cost structures than themselves. a bit of a tragedy of the commons situation, methinks. So oracle killed their own market in their zeal to cut costs. One of the stupidest moves ever, really. Oracle stock hasn't rallied in months. plenty of software stocks have rallied. i should know, i was short some of dem dawgs. :(