http://www.cato-at-liberty.org/outsourcing-for-dummies-including-the-willfully-ignorant/ Contrary to the misconceptions so often reinforced in the media, out…
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http://www.cato-at-liberty.org/outsourcing-for-dummies-including-the-willfully-ignorant/ Contrary to the misconceptions so often reinforced in the media, out…
Video Rating: 4 / 5
Bullshit.
Outsourcing has its downsides too. However, many are still looking to
outsourcing as the best way to gain more profit for their business.
As an economist, I find this video absolutely disgusting. I follow and read
CATO and value much of their content but to try and picture outsourcing as
this noble thing is fucking retarded. Not that it’s evil either, but it’s
certainly not noble. The only, the ONLY thing that matters to businesses in
a capitalist society is profit. That’s not bad, it’s good. But to then
pretend that outsourcing is never motivated by reducing labor costs is not
only disingenuous, its fucking stupid and an obvious manipulation of facts.
The interviewee in this video is either ill-intentioned or incredibly
ignorant.
It all comes down to policy making. You gotta put aside politics and
implement policy that will attract foreign companies to settle in the U.S
for jobs and economic well being.
Outsourced jobs won’t return to the US.
Contrary to the misconceptions so often reinforced in the media,
outsourcing is not the product of U.S. businesses chasing low wages or weak
environmental and labor standards abroad. Businesses are concerned about
the entire cost of production, from product conception to consumption.
Foreign wages and standards are but a few of the numerous considerations
that factor into the ultimate investment and production decision. Those
critical considerations include: the quality and skills of the work force;
access to ports, rail, and other infrastructure; proximity of production
location to the next phase in the supply chain or to the final market;
time-to-market; the size of nearby markets; the overall economic
environment in the host country or region; the political climate; the risk
of asset expropriation; the regulatory environment; taxes; and the
dependability of the rule of law, to name some.
The imperative of business is not to maximize national employment, but to
maximize profits. Business is thus concerned with minimizing total costs,
not wages, and that is why those several factors are all among the crucial
determinants of investment and production decisions. Locales with low wages
and lax standards tend to be expensive places to produce all but the most
rudimentary goods because, typically, those environments are associated
with low labor productivity and other economic, political, and structural
impediments to operating smooth, cost-effective supply chains. Most of
those crucial considerations favor investment in rich countries over poor.
How things should be produced and what is being produced are important for
the health of the general population.
“In Africa”? WHERE in Africa? Anywhere? Even in the U.S., income makes a
big difference depending on where you live. For example, $40k in Ohio would
be considered a decent income, but in New York, it’s nothing because of the
difference in cost of living and taxes. Your blanket statements are comical
because they show what an ignorant boob you are.
Yes I do. Why would I ask if I didn’t. Why would I ask if you had better
than a snowballs chance in hell of proving yourself right? He was quoting
Gina. She said Africa. Pick any place in Africa. Throw a dart at a map on
the wall. Figure it out.
We’re better off with economists like Alexander Hamilton. This free-trade
mumbo jumbo has been tried since the 1980’s, and it has failed miserably.
Comparative advantage doesn’t apply when there’s the potential to gain a
long-term advantage with tariffs. Accepting free-trade because a
self-described economist says it’s good is equivalent to believing that God
exists because a theologian says so. On the issue of trade, we need more
Hamilton/Clay and less Ricardo/Marx.
Some economists are beginning the reconsider free-trade. Paul Samuelson
appears to have become a protectionist towards the end of his career and
life with one of his later articles in the Journal of Economic
Perspectives.
In order to do that you would have to cite your sources. The opinion I gave
with citations is not my opinion.
we have been niggered by the republican theocracy.we all were born into
it.born agains/hell fire,a cult from the crown nation.
Why are we calling these U.S. firms? Why if the standard of living is being
driven down by globalization would the American people give any particular
loyalty to the people who serve the interests of private non-democratic
corporate oligarchs over their own interests? Why is a military socialized
amongst the people to serve the protection of these corporate oligarchs in
foreign lands? They are traitors.