It's about time someone spoke the truth concerning outsourcing. The politicians sure won't. They prefer to do finger-pointing saying it is "his fault". It is those greedy manufacturers who want to make bigger profits by having cheap labor in Asia perform your task for less money.
Did anyone ever tell you that if it wasn't for outsourcing you might not have a job? Did anyone ever tell you that the underwear, shoes, jewelry and hundreds of other items you own would cost much more if it wasn't for outsourcing? Probably not.
Sure, many tasks are being sent overseas. Why? Just because it is cheaper? No, because the manufacturer that item had to do it in order to be able to compete with other companies making a similar product. If your company or any company cannot remain in business then they will cease to exist and you will be out of a job. As a former manufacturer I will tell you it is dog-eat-dog out there and every company is doing its best to maintain sales and profits. The company did not go into business to make products and give you a job; they went into business to make money and if they can't do that they (and you) will be gone.
Profits is not a dirty word. Again if it wasn't for profits you would not have a job. The guy who owns the small business or the thousands of stockholders who own the big companies expect that company to make money or they will sell their shares and you will be gone too.
When you work for someone you want to do everything possible to contribute to their bottom line. Turning of the extra lights, keeping your machine properly maintained, getting a shipment out to a customer even if it means staying a few extra minutes and many other little things that you know better than I.
Until about 1975 we did outsourcing and no one objected to it. The widget manufacturer stopped making screws and bought them from the guy across town or in the next state who made exactly what he wanted and at a price cheaper than he could produce them in his widget factory. Now we buy the screws from China and India at a price that is half or less than those made in the USA. If not each widget might cost dollars more and be enough to lose business to a competitor. If the widget company did not outsource there could be a strong possibility they would go out of business. Outsourcing is not a U.S. phenomenon. It is happening to Canada, Germany, Japan, England, France, Australia and many other countries. Even Mexico is losing jobs to Asia because they can produce the same quality goods and services delivered here for less.
Outsourcing is not only here to stay, but is going to expand as competition becomes even more fierce.
Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.
Copyright 2005
recurring maid service Buffalo Grove .."There is nothing more frightful than ignorance in action!" Johann... Read More
For years I have been saying you must have a... Read More
If you are a baby boomer, time is not on... Read More
The broker told me not to sell because the mutual... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
As one of my regular readers you know I have... Read More
You've decided to try your luck at trading stocks or... Read More
This is the continuing story of our two imaginary traders,... Read More
I am sure that if you have a brokerage account... Read More
The Bollinger Band theory is designed to depict the volatility... Read More
Four blind men were asked to give a description of... Read More
It is finally catching up with them. The brokerage companies... Read More
One Saturday morning, while he was sitting at his computer... Read More
Before you embark upon a journey of trading stocks or... Read More
We all know the expression, "My country, right or wrong",... Read More
Stocks breakout from properly formed bases everyday but many investors... Read More
Economists know more about how the fragments of society work... Read More
The Shadow knows. There used to be a radio program... Read More
Professional stock options traders use the term lean to refer... Read More
I receive emails from Morningstar. This company provides statistics and... Read More
Last time we looked at the real performance of the... Read More
If you were to find that you had some severe... Read More
Wall Street has been preaching the doctrine of Buy and... Read More
The Dow Theorycharles h. dowcharles h.... Read More
Today we are inundated with tons of information about the... Read More
premium house cleaning Glenview ..If you were to find that you had some severe... Read More
Spread trading is a technique that can be used to... Read More
At some time in your life you have been on... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
We all know that emotions control every decision that an... Read More
When it comes to mutual funds, there is a lot... Read More
Its dinnertime and the phone rings. It's Joe Noname with... Read More
It seems that every day I turn on the TV... Read More
It takes a total mental commitment to the task. It... Read More
The stock market has not been very kind to your... Read More
When an individual investor wants to roll up his sleeves... Read More
Both the stock market and oil prices rallied recently, which... Read More
How often have you come across an advertisement or e-mail... Read More
As GuruFocus updates the stock buys and sells of gurus,... Read More
Are you paying any attention to your retirement savings? Do... Read More
For years investors have been taught to look into the... Read More
No, this is not a symbol for some Latin number.... Read More
If you're a normal human being, your need to feel... Read More
Humpty Dumpty had a great fall and all the King's... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
Time to look back2004 is over, now we are in... Read More
There is a famous cliff on the ocean in Acapulco... Read More
After some forty years of banking and investments, I retired... Read More
Every stock market investor faces one primal enemy. An enemy... Read More
As an investor you will want to check out any... Read More
Stocks & Mutual Fund |