CSC To Cut 1,800 Domestic Jobs, Add 2,000 Offshore Workers 1258
British textile jobs under threat soc.culture.indian, sci.research.careers, soc.culture.bangladesh
Big job losses facing Rhondda. Wales correspondent reports. Burberry, the world famous British clothing manufacturer, in a shock announcement, has told Treorchy workers that...
CSC To Cut 1,800 Domestic Jobs, Add 2,000 Offshore Workers 1259
Kamal R. Prasad When blue collar jobs left but the technological sector expanded there was always an option to give people more education to get a...
You could extend the same model to the manufacturing sector -which lost its jobs to China. The blue collar worker couldn't buy any more stuff -having lost his job. But white collar workers could now afford a lot more because the stuff from china or mexico now costs a lot less.
if your cost and std of living remain the same -yes. If americans opt for a lower std of living, then their services will become compebreastive -if not in full, at least in part -and allow for bi-directional trade.
Indian economy is not predicated on outsourcing in full. The largest form of economic activity in India is farming. India exports less than S Korea to the US -which is smaller in size and population than one of its 22 states. The chinese would lose heavily -provided they do not find alternative trading partners. Their USD reserves would also go poof if your currency tanks.
it would require some compromise on your part too -related to your level of consumption, and what purchasing power people elsewhere have.
The US govt controls monetary policy -as a result of which outsourcing takes place. You need a change in monetary policy to regulate the pace of outsourcing.
..depends on how we tackle the devil.
to some extent -yes. It boils down to comparative advantage enjoyed by a given country. If we didn't have a comparative advantage -you wouldn't see jobs being handed down to us on a silver platter.
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