08-14-2015, 07:38 PM
(08-14-2015, 07:31 PM)JustWinBaby Wrote: It's not about "lowering ourselves to third world levels". If you were trying to run and maintain a competitive company, Fred, you're going to employ the cheaper but equally talented Indian engineer. Or you'll be a "good citizen" and slowly, perhaps quickly, let your business become uncompetitive and go bankrupt (real big of you to lose us 100 jobs for every dozen you saved not outsourcing).
No. Companies could go back to paying their CEOs 20 times what the workers made like they did in 1965 instead of 300 times more like they do now.
US companies are not using cheap foreign labor to be competitive. Instead they are using it to make all time record profits and sending all of those profits to the top instead of compensating their workers.
If they are saving so much money with cheap labor then why have the costs of their good continued to rise?
