My Kingdom for a Capitalist(trivisonno.com)
trivisonno.com
My Kingdom for a Capitalist
http://www.trivisonno.com/my-kingdom-for-a-capitalist
2 comments
Mom and pop music stores (if they even exist anymore) now have to compete globally because of the Internet.
Just like when the horse and buggy was phased out by the automobile, industries have been changed forever by the Internet.
Smart companies have adapted and are still around. Others have been destroyed by these changes (Blockbuster is a recent example).
The same thing applies to offshoring. Depending on your industry, you may be competing with $8 Mexican and Chinese workers. The solution is to adapt and make yourself worth the extra money. If you can't, it's time to spend your free time learning a new skill set.
Just like when the horse and buggy was phased out by the automobile, industries have been changed forever by the Internet.
Smart companies have adapted and are still around. Others have been destroyed by these changes (Blockbuster is a recent example).
The same thing applies to offshoring. Depending on your industry, you may be competing with $8 Mexican and Chinese workers. The solution is to adapt and make yourself worth the extra money. If you can't, it's time to spend your free time learning a new skill set.
The pressure put upon established jobs originates from technology at least as much as it does from outsourcing lower skilled labour to Asia or Latin America. The unemployment we are facing now is not the result of outsourcing but of the misallocation of resources. Besides, production follows consumption and much of the investment overseas is not in service to American consumers but aims to build up access to those markets.
Middle class Americans have access to more products and services than ever before, the biggest threat to a sustained middle class is a re-inflation of houseprices and a sustained political attack on free trade, not on the lack of foresight of the CEO's of mature organizations.