The End of Consumer Credit as we know it

[stansd]

I part company with Schiff on the value of the dollar. I’m a believer in PPP over the long term. The dollar certainly could continue to slide against the Euro short term, but long term it’s reasonably valued even now. We may have further to go versus the yen, the yuan and other currencies fighting the losing battle of a peg.

So, I think WW wages will equilibrate through american stagnation and through a rising tide throughout the developing world.

Stan

[eyePod]

“Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.”

That requires citing a source. Otherwise I say you are making up numbers.

[eyePod]

“Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.”

That requires citing a source. Otherwise I say you are making up numbers.

[eyePod]

“Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.”

That requires citing a source. Otherwise I say you are making up numbers.

[eyePod]

“Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.”

That requires citing a source. Otherwise I say you are making up numbers.

[eyePod]

“Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.”

That requires citing a source. Otherwise I say you are making up numbers.

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[Author]

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