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Country Discussion Topics
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Outsourcing to Foreign countries-It's a good thing
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Concerned in KY    Posted 02-13-2004 at 03:13:23       [Reply]  [Send Email]
White House Under Fire for Outsourcing Proposal

....Among the jobs that are migrating are those of telemarketers, software developers, radiologists, and most recently journalists. Reuters news service just announced plans to hire reporters in India to cover the U.S. financial sector. Reuters is also sending about 200 of its data-entry jobs to Bangalore from England and the United States.
The administration's argument is that by outsourcing low-skilled jobs to cheap destinations, companies will have the resources to train American workers in high-skilled fields. Mankiw, who first caught lawmakers' notice when he and two other White House officials gave congressional testimony on Tuesday, added that outsourcing is of long-term economic benefit for the country.

"Outsourcing is just a new way of doing international trade. We're very used to goods being produced abroad and being shipped here on ships or planes. What we're not used to is services being produced abroad and being sent here over the Internet or telephone wires. More things are tradeable than were tradeable in the past and that's a good thing," Mankiw told reporters in a press briefing on Monday after the report's release. .....

http://www.foxnews.com/story/0,2933,111287,00.html


jf    Posted 02-13-2004 at 07:10:50       [Reply]  [No Email]
Our economy is a consumption oriented growth based model. The consumer who's spending dollars( somewhere around 15% of disposable income) comes primarily from credit sources that enables them to enhance their spending habits through lower prices at the retail level in order to maintain their buying habits with an end result of jobs losses. The public mentality is not to pay 8 dollars for an american made shirt, yet slap a NIKE symbol on a Thailand made apparel and the same product will bring 25 dollars. A lot of it is image my friend and the american consumer habits reflect that mentality-I wonder how much longer the average american can absorb the amount of interest thay are paying to keep up with the Jones's. No concern of mine on a small scale. All I have to pay is property taxes, food, utilities, and car insurance. Life insurance and health insurance through my wifes work. I ultimately realized a while back to be truely free and happy one must be debt free and adjust their spending habits accordingly.


Ron/PA    Posted 02-13-2004 at 05:39:30       [Reply]  [No Email]
I'd kind of like to know how you outsource, "Radiologists?" Does that mean I gotta go to Bangledesh, for a lab appointment?
Sometimes this stuff may get a bit carried away huh?
Later
Ron/PA


dig    Posted 02-13-2004 at 09:39:00       [Reply]  [No Email]
Radiology is a racket. Even though most x-rays are taken by a low-paid technician, they have to be "read" by a "trained" radiologist. The stated reason being the doctor might miss something. The real reason being its a racket to make useless specialists more money.

Say you break your leg. You go to the doctor. Who has x-rays taken. Doctor looks at the x-ray and says, "Yep, you got a broken leg. We'll put a cast on it and in a coupla months you'll be fine." Doctor charges you $300. Three months later, you get a bill for $500 from some company you've never heard of for medical consulting. It's from the radiologist who probably spent a grand total of 5 minutes looking at the x-ray.


Dieselrider    Posted 02-13-2004 at 04:59:53       [Reply]  [No Email]
I'm not sure this is nearly as bad as losing industrial jobs overseas. Alot of people seem to take the attitude that we are just in transition from an industrialised based country to a service based info based country. My fear with that is without a manufactured product to sell, what supports the others? Also if all the manufacturing is done in China or Mexico or wherever, who will build our guns and tanks in time of war? Ask some of these guys that remember how things were in ww2. Alot of factories that made items for a peaceful civilian community during peace were transformed into making military gear for the war effort. If there aren't factories to convert to these kind of efforts when needed, will we buy our weaponry from the enemy? I don't think so. There are definately too many skills leaving the country and we won't know how bad that is until it's too late. Sorry for the rant. Done now!!!:)


REt    Posted 02-13-2004 at 05:29:03       [Reply]  [No Email]
watched Greenspan two days in a row addressing this question with words I can't understand. However, it came down to him saying these 2,000,000 jobs will not be coming back to this country. His explanation is productivity has been way ahead of the curve and will level off so corps will hire people again. Also, he was saying education is lagging in this country and we can't keep up in that area . Kind of sounds like a dismal future out there right now. When you are educated and can't find work, not a lot of hope for the masses that are not. It was manufacturing that set the living standard that we have known, I wonder what can replace it
REt


Short Round    Posted 02-13-2004 at 06:02:47       [Reply]  [No Email]
These are the questions we have to be asking our elected officials, not just asking once and forgeting about it. We have to keep asking and asking until we get some results, "hold their feet to the fire" so to speak. There are no easy answers to the problems and ignoring the problem will not make it go away. It will effect each and every one of us sooner or later. This problem will not go away, it must be faced and solved, our jobs and our future depends upon it.


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