Blame offshoring for the negatives of immigration 4552

On Wed, 25 May 2005, Day Brown

They already have done this, will do more of this, and it will hurt employed Americans who become laid off and then get on the down escallator in terms of socio-economic status. Its fine if you believe in the "robber-barron" way of life where there will be a few rich and powerful people lording over mbutt populations of serfs, peasants, and homeless.

And, there are H1bs who can't do the work either, but they get the jobs because some Harvard MBA runs his spreadsheet to show how much money the company makes and forget what comes out.

Agreed....management science is not a science.

The geeks I've met over the

Also true.

I think this is true, too. Two things the underlings can do: i) CYA, and ii) scream blody liquidate about how the middle clbutt is going to take the hit.

I think this prediction is also true. And, its going to hit all of the globalized economies.

At this point, so much of

Not true: THE major buyer of the products of the global economy is the USA; if the USA runs out of money, those products and services are NOT going to be bought. As we all get laid off, so will the workers in the rest of the globalized world.

which increasingly has

The other rise will be crime. Patent infringement, copyright avoidance, pirated software, counterfiet products (that market is worth $500 bil in the USA, already, today) and just think how much stuff you all buy at stores that has US labels on it but it was made in China (books say 60-70% of counterfiet products are made in China). So, if it says, for example, General Motors on it, the GM is not making the profits. Rather, some factory in China is making the products.

Internet fraud is going way up, too. Hard to catch the black hat hackers.

Its not a nice future.