jeffmeh;209043 Wrote: > The company will either see increased margins or they will be able to > reduce prices to better consumers and improve their competitive > position. Lower consumer prices benefit all consumers, and the > macroeconomics generally indicate that that outweighs the losses of the > displaced workers (of course, that's little consolation to someone who > cannot find employment). The overseas employees obviously benefit. > Higher profits benefit the stockholders, whose primary reason for > investing their capital is to get a return. > > The suggestion that a person in country A is more deserving of a job > than another in country B is not only ignorant of economics, but is > also ethically bankrupt.
Get real. The motive for offshoring production to low cost countries i.e. China - is to increase profit. The myth of the virtuous circle you describe is exploded by even the most superficial research. For example, take this article (in which our Logitech friends rate a mention): http://www.asianresearch.org/articles/3054.html A 1000% plus mark-up per Chinese-made computer mouse? 15-hour working days to earn less, per month, than an equivalent US worker would earn in two hours? A 20% incidence of industrial disease/ injury, with no sickness benefits and no viable rights of redress? Chinese factory workers arent being uplifted economically, or in any other sense. Theyre being exploited more rapaciously than has ever been tolerated at any time in any Western society. And Im afraid the idea that its a choice between factory work producing goods for the West and no job at all is simply a false dilemma. Again, just five minutes of Googling will afford some insight into the complexities of the Chinese labour market and the immense social and human cost of the current enforced migration of workers from farm to factory. Try this for starters: http://news.amnesty.org/index/ENGASA170092007 -- sixofone ------------------------------------------------------------------------ sixofone's Profile: http://forums.slimdevices.com/member.php?userid=11979 View this thread: http://forums.slimdevices.com/showthread.php?t=35899
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