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To: Siva Uppalapati who wrote (8507)3/15/2004 11:28:42 PM
From: epicure  Read Replies (2) | Respond to of 20773
 
That's a very interesting angle to this whole global commerce discussion- one that, obviously, doesn't have a lot of traction for people in the US because they mostly care about people in the US- but it's very interesting. Are the Indians doing anything about this? It reminds me of Gandhi, and his efforts to have local textile and salt industries (among other things). Do you think there will be a backlash in India against foreign investment (or exploitation, if you prefer that term)- or is the backlash already here?



To: Siva Uppalapati who wrote (8507)3/16/2004 10:35:00 AM
From: tsigprofit  Respond to of 20773
 
Sova, you make good points too.

In the US, we have been told since the 80's that our economy was moving from manufacturing, to higher-end service and "knowledge industry" jobs.

So - people here were encouraged by the government, and US corporations, to go into industries such as IT and Engineering. In fact, there were many studies showing severe shortages in both.

Now - our US companies are moving high-end jobs in areas like IT to places like India. The problem is - what happens to the US worker that needs to make a middle-class salary to survive?

The cost of living in the US in decent areas in very expensive. We pay for our own healthcare and pensions here.

No job = no healthcare. This was not the bargain made with us.