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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (238869)	6/26/2005 1:58:03 PM
From: tejek	Read Replies (1) \| Respond to of 1573540

the Indians buy all manner of products made by US companies Yes, but the products made by those "US companies" will for the most part be made in some other country. The U.S. greatest product is debt, but that will ultimately be exchanged for tangible assets, like Unocal. That's a pretty grim view of how outsourcing works. The US started outsourcing manufacturing jobs roughly 20 years ago. At the time, predictions were equally as gloomy. However, the country as a whole just moved up the food chain. Instead of Americans manu. the products, they supervised the manufacturing. Better pay and better working conditions. Nonetheless, such an event brings on considerable short term pain and plenty of individual dislocation. the rewards can be huge. For a few people the rewards can indeed be huge, but the masses are now downwardly mobile. While corporations and their investors are the primary beneficiaries, everyone does benefit eventually. Products are cheaper and pay for Americans is better. And just for the record, outsourcing of jobs did not start now with software ........its been going on in manufacturing for some time. And before there was international outsourcing, there was regional outsourcing within the US. For an example, Boston was once a huge shoe and clothing manu. center.......those jobs were outsourced to the South not long after WW II. To survive, Boston had to reinvent itself into high tech. And btw Indians are already worried about low level manu. jobs being outsourced to China. Its a process that will go on unabated until eventually there is more economic equality among the nations of the world. ted