Friday, March 19, 2004

Outsourcing to "emerging markets."

This report that 25 percent of US tech jobs will be sent abroad by 2010, merely posits what it calls a "harsh reality." Fact is, the low wages and round-the-clock use of such labor is irresistible to American capitalists.
Interesting sidenote: As the foreigners gain income from the practice, they also gain buying power. What will they buy? Products made abroad, of course, just like Americans do.
Do you sense the end of an empire here?

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