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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (6163)	1/25/2004 10:10:33 PM
From: yard_man	Respond to of 110194

what I do for a living could easily be outsourced -- IF the company were willing to share sensitive info with an outfit to do the job. I am confident that they could find someone to do it (not fooling myself -- probably even better) for 1/4 the price, but that sharing of sensitive info I suspect is a bit of hurdle. For IT professionals who just provide OO widgets to be built into still larger OO widgets -- heck, I can even see data architecture problems being outsourced (though, I do know of one horror story along these lines) -- with the result that the cost of the IT infrastructure is greatly reduced. I guess the question for me is: Why were all those folks in the late '90's commanding such high salaries for "just programming" or even some of the "data architecture" work?? Was it really worth the high relative prices paid?? I don't think so as far as cost / benefit delivered, but is it worth so much less as it would appear now with outsourcing? I mean, if it could all be subcontracted to someone in India or China today at prevailing rates?? I think what folks need to do is get out of the way and let the product find its new "global" price / worth -- post bubble. Just like the steel example you cited -- capacity not updated to use the latest technique because too many players were allowed to stay in the market via protection -- If we try to block outsourcing of IT, we'll get a less dynamic industry here and fall behind other nations. I don't like to see the number of jobs in engineering and IT shrink here -- but that's the way the cookie crumbles when you have a bubble. Overemplyment in some areas and underemployment in others and then these terrible adjustments ... without all the monetary BS -- if we let jobs go to those most able to do them at the cheapest price, we will all be better off in the long run. thanks for the kind thoughts, mish.