4 ms·
>implementing outsourcing Exactly, this seemed completely missing from the hand-wringing about how what's wrong with the Democratic party is that it is just to
by yborg 7y ago
>implementing outsourcing
Exactly, this seemed completely missing from the hand-wringing about how what's wrong with the Democratic party is that it is just too elitist for the working classes now. There is in fact a lot of truth to that, but it is the economic policy, or lack thereof, of both parties has allowed capital, controlled by very few, to flow unimpeded overseas. If you want to retain a middle-class economic base, you have to take measures to incentivize capital to remain in the country.
My own employer is aggressively moving to shift all of it's technical knowledge work to India; companies like Accenture and IBM now employ more people there than in the US. There will soon be as little Knowledge Economy work in the US as there is old Industrial Economy work. Where will all of these college (or Denmark-style vocationally trained) end up working? Wal-Mart. Sell the people out twice and you will end up with some kind of revolt. You're not going to convince anybody at that point that it's the grad school gap that's killing America and that we should have a Ph.D. For All program to solve it.
- sangnoir 7y ago> My own employer is aggressively moving to shift all of it's technical knowledge work to India; companies like Accenture and IBM now employ more people there than in the US. Turns out "Beware the behaviors you incentivize" doesn't only apply to scrappy startups, but scales up to whole nations. If profit is the sole metric you judge companies/CEOs/boards by, don't be surprised by the lengths they will go to maximize it.