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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (65343)	4/1/2004 9:53:52 AM
From: JakeStraw	Read Replies (4) \| Respond to of 77400

LT, What's the percetage of total U.S. jobs that have been outsourced to foreign countries. I'll bet you it's under 1%.

To: Lizzie Tudor who wrote (65343)	4/1/2004 6:02:41 PM
From: Stock Farmer	Respond to of 77400

Lizzie, ...you argued that offshoring was "no big deal" 2 years ago when it reared its ugly head.... There you go again, revising history to suit your own agenda. Two years ago, my discussion on this thread was limited to valuation of Cisco and other such relevant topics. It wasn't until about a year ago that I started responding a bunch of bigoted noise pollution regarding "offshoring". And instead of arguing as you claim that offshoring was "no big deal", I maintained that it was indeed a real deal, but (a) one that was entirely understandable, and (b) our problem to deal with, and (c) something no amount of whining is going to fix. We made this bed, now we get to lie in it. My stance really hasn't changed in a year: Message 18897052 there are legions of executives at Satyam and Infosys that would jump at the chance, right now for a US executive position that pays 10-20x their pay along with a US green card, I can assure you. And untold hordes would jump at the chance to win the lottery too. But just because you would jump at the chance to earn a million bucks plus perks doesn't mean that you have all the necessary qualifications to take such a job. Which isn't a judgement made by Lizzie, but by the folks who make the hiring decisions. According to Accel there are executives galore at every level available for a fraction of their 90s pay in almost every tech industry anyway. Yes. Some of them even deserve to get paid this much. Others don't. Just because someone was the Vice President of stupid_idea.com doesn't mean they can step into any executive function. Might even indicate otherwise! The job market isn't dimensioned by those who don't have jobs, or by those who want them, or used to have them... it's dimensioned by those who are successfully obtaining them and those who are losing them. The market operates at the margin. Jobs have incredible inertia. Wages have even more inertia than jobs. And there is more inertia in executive jobs than those of supply chain management architects. Whether you like it or not. So you and your peers are going to experience the effects of market forces much faster than those of the execs to whom you report. Life isn't fair. If you want to do your bit to stop outsourcing, then go ahead and demand to be paid a competitive wage. But as long as you're being paid an uncompetitive wage, it might be best to shut up and enjoy it while it lasts.