Ok i have my opinion, I just don't know where the people from the other side are coming from. Bet you cant change my mind.
2007-01-12 19:28:36 · 5 answers · asked by ☺☻☺☻☺☻ 6 in Business & Finance ➔ Corporations
What makes it "ok" is that it lowers the prices that you and I pay for products.
Eventually, however, as the countries we outsource to become more developed, their workers will begin demanding higher wages. This has already happened in India with software development. Within the last 3-5 years, average wages of these individuals has increased by 33%. While these wages are still lower than US employees, it shows that this trend will continue. But, when was the last time you got a 33% increase in your salary over 3 years?
We as Americans have created two conflicting goals for our products. We want them at the lowest possible price, but we want Americans to make the products.
I saw a special on either CNBC or MSNBC about Walmart, and they were interviewing the CEO of the company that makes Bratz dolls (Walmart is their biggest buyer). Bratz dolls are made in China and sell for around $25 each here in the US. The CEO said that if the Bratz dolls were made in America, they would have to sell between $70-$80.
If we want products made in America, we have to be willing to pay a higher price for those products. And currently, Americans are saying that they want the lower priced products. Maybe not vocally, but they say it with their buying habits.
2007-01-13 01:11:27 · answer #1 · answered by jjbone_99 2 · 1⤊ 0⤋
if you owned a business, would you pay someone $20 per hour what you can pay someone $3 per hour to do?
As a stockholder, would you be upset if a compnay you invested in was losing money by paying hire wages than were necessary to get the job done?
Suppose you are a business owner who had a business that has been in your family for year. You aree faced with increasing expenses. You have two choices, close up shop or look for a cheap source of labor, what do you do? kepp in mind you have a family of your own to feed and put through school.
2007-01-13 04:33:48 · answer #2 · answered by Peaches 4 · 0⤊ 0⤋
It's sort of a double whammy, in my opinion. Morally, it's a bad thing for Americans who lose jobs. But, it's very good for business.
This is because for the amount of money you will spend to hire one American, you could probably hire 8 Chinese workers or 6 Indian workers, so it helps businesses reduce costs of doing business, by reducing business expenses. This is something businesses do in order to remain profitable and in order to improve positive cashflow. This is what capitalism is all about and the USA is the biggest capitalistic country in the world.
2007-01-12 19:45:24 · answer #3 · answered by Muga Wa Kabbz 5 · 1⤊ 0⤋
I think companies should have a requirement that they must employ their workers in proportion to the amoount of profit or sales they do in that country.
For instance if 90% of your sales are from USA, 90% of your labor should be there, too.
2007-01-12 20:56:26 · answer #4 · answered by John L 5 · 1⤊ 0⤋
get used to it.
it's the idea that due to advances in technology, transportation, and communications that we are all participating in a "global" economy.
to think of jobs as "US" jobs anymore is just egocentric
2007-01-12 19:35:34 · answer #5 · answered by g-man 3 · 0⤊ 0⤋