[quote=CA renter]Next, we’ll off-shore all the tech jobs, then the medical services jobs that don’t need to be performed here. Then, we’ll off-shore all our financial services jobs, since there are plenty of people around the world who would gladly do those jobs for a tiny fraction of what our financiers are being paid. Of course, we need to off-shore our legal work. A well-trained attorney in India can do what a lawyer does here for 1/10 of the cost. Best of all, we won’t have to provide health benefits or 401ks or any other kind of benefit for anyone, since there are billions of people around the world who can easily take every single American job and do it for a fraction of the cost!
Life will be grand when every American is working for $10/day!!!! All our problems will be solved![/quote]
That Indian lawyer cant sit down in a room and talk to me about my family and my kids, and take me out for lunch and build my confidence that he can handle my case. So what happens is the smart American firm figures out that the relationship and the complex law can be handled locally, and they can hand off the routine stuff to someone better suited to do the job (in india), with the American continuing to manage the relationship.
I’m no econ major but i think this is standard market economics stuff and is no different than a company in california opening a plant in say ohio because the labour base is cheaper. Or even someone starting their own business and then hiring some part time staff to do work for them because the part time staff work cheaper than they themselves do.
Off shoring jobs is just work going to those best suited to do it. If you dont want to do that then stop exporting anything too – doesnt seem fair to say we can take their jobs but they cant take ours. I always think of the USA as the best example of a place where merit wins, and jobs moving around is just merit winning isnt it?
I’ve been teaching my kids for years that there are no guarrantees. Your job and your paycheque are only as good as the value you deliver today. Yesterday doesnt matter – you already got paid for it. If you want yeaterday to pay you tomorrow then thats up to you and you need to invest in some passive income – otherwise you’d better work hard today and make sure that you are defnding your value for tomorrow. That means providing skills that are unique and in demand.
If you dont someone else will take your job… Whether its your neighbor or a guy in India really doesnt matter – you’re still outof anjob because someone els could do it better.
