My Job vs India

[buster]

We were told Friday that basically the competition, now based in India, is a serious threat. We knew this already but this is the first time came out and said so.

I'm 28 years old and the way things are to day, you really have to live conservatively and be ready to take a hit at some point. My mom hates today's economy, but part of the reason is she just can't come to grips with the economics of globalization and outsourcing.

This is how the world works and in many ways it has it's benefits. The fact that American has lost much of it's manufacturing base is a scary thought and threat IMO. It's been going on for years. The future will be interesting. Will our standard of living drop while the world's rises or will this just be a temporary adjustment?

 

[Al]

There's not a whole lot of hope for us with no energy policy and the huge debt. We are living on borrowed money from our friends around the world.

I just can't see any way around the coming train wreck for us

 

[drive it forever]

I cant believe it. www.nathanielturner.com/hyderbad.htm Enough said, end of story.

 

[427Z06]

quote:

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Originally posted by buster:
We were told Friday that basically the competition, now based in India, is a serious threat. We knew this already but this is the first time came out and said so.

I'm 28 years old and the way things are to day, you really have to live conservatively and be ready to take a hit at some point. My mom hates today's economy, but part of the reason is she just can't come to grips with the economics of globalization and outsourcing.

---

Welcome to the outsourced club. My job moved to China a few months ago. If this happened to you when you were 20 years older, you might have a better understanding of just how your mom feels. As you get older, it's harder for the typical person to re-educate, re-adapt and start a new career all over again. Most Americans are a hardy lot, and will do what it takes to succeed, however, most middle aged people who thought they'd be at the pinnacle of their careers will just have to accept the fact they have less of a chance to live as well as they thought they would after many years of hard work.

Interesting that our government came up with the Trade Readjustment Act to help people make the transition to the new economy when the first wave of auto workers and steel mill workers jobs were outsourced 25 years ago. Today, high tech workers have to fend for themselves. Many of which are still paying off their student loans.

 

[Drew99GT]

"Hyderbad has become the center for the outsourcing of all kinds of high tech work from ........... to the preparation of UNITED STATES TAX FORMS!"

That is the pinnacle of irony

 

[jmlangeveld]

Hmmm.... I have to think that the Governments of India and China are working hard to protect their industries and create jobs.

So far the response to outsourcing from our government has been to do nothing. Sometimes I get annoyed that we spend so much money in Iraq and none here. Outsourcing becomes a bigger issue when it affects you personally.

 

[ediamiam]

That's what we get for promoting peace and harmony to the rest of the world. If it was still a jungle out there, a lot of these jobs never would have left home.

 

[haley10]

Buster, I share your concern. I don't have an answer either, but at least we see a problem. The U.S. government doesn't seem to see a problem at all. Neither does Canada or Mexico seem to realize that they will be in the same boat with us on this long term.

Again, I don't have a solution, but the North American leadership just seems to be like ostrichs with their heads stuck in the sand on this issue.

I don't have a protectionist attitude at all, but I think there is a lot we can do to promote growth and jobs if we'd just all sit down and work through it.

We could be heading for a train wreck, but our leaders just don't see it coming.

 

[buster]

quote:

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I don't have a protectionist attitude at all, but I think there is a lot we can do to promote growth and jobs if we'd just all sit down and work through it.

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Exactly, I agree. It's complex for sure and it's going to be something to watch. From my economic classes in college, I understand the arguement, but at the same time, it's taking a toll here at home.

 

[blueglide88]

How many here who have been complainging own foreign cars? ( don't give me that made in America crap, they are ASSEMBLED in America with foreign made components). Who buys foreign goods at Walmart? WE are the problem. Nobody buys American when they can find it. WE elect our politicians. WE buy foreign made goods. There is a growing "hate America" crowd in the USA. I buy American when I can. My trade is being degraded by China. Companies outsource to China and don't give a rats *** about Americans. Who makes up these companies, and who makes the decision? AMERICANS. Untill we start giving these guys a hard time, it will continue. Some of them learn when they get ripped off by Chinese junk, others are a little more dense. WE need to stand up and be counted. WE are doing it to ourselves.

 

[haley10]

quote:

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Originally posted by blueglide88:
How many here who have been complainging own foreign cars? ( don't give me that made in America crap, they are ASSEMBLED in America with foreign made components). Who buys foreign goods at Walmart? WE are the problem. Nobody buys American when they can find it. WE elect our politicians. WE buy foreign made goods. There is a growing "hate America" crowd in the USA. I buy American when I can. My trade is being degraded by China. Companies outsource to China and don't give a rats *** about Americans. Who makes up these companies, and who makes the decision? AMERICANS. Untill we start giving these guys a hard time, it will continue. Some of them learn when they get ripped off by Chinese junk, others are a little more dense. WE need to stand up and be counted. WE are doing it to ourselves.

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Yep, we shoot ourselves in the foot. I'm not a mindless Wal-Mart shopper myself. Awareness and recognizing the problem can help. Maybe a little bit of the carrot and the stick from the IRS on out-sources like Wally?? Maybe improve our productivity through better technology with tax benefits?....

 

[Whimsey]

For the last 40+ years we've seen the ravages of increasingly oppressive government regulations, taxes, labor unions in heavy industry and a legal system out of control. A business can only handle so much before it's forced to look elsewhere or go out of business. This happened within our own borders. Manufacturing companies left the Northeast and went down south in the US looking for a more "business friendly" environment. Eventually they were forced overseas. The US has one of the most repressive business climates around. But at the same time it's easier to START a small business in the US than probably anywhere in the world. You can't look back only foward.

Whimsey

 

[ruking77]

This outsourcing or off shore job displacement has really been going on for a very long time. I would hazard a guess and say at LEAST 50 years or 5 decades (that I am personally aware of or seen). I was one that went to ROTC in college, grad 1973/1974 and actually had wanted to be stationed in Europe. Instead I was stationed in upstate New York. During my early youth, NY state was a powerhouse manufacturing state. When I arrived in upstate NY and had app 2 years of traveling around New England, I came to see that NY had been a virtual shell of those "powerhouse manufacturing" days.

Also there has long been an IRS rule that an American working overseas can exempt a certain amount of salary from taxation. At the time I had wanted to be in Europe 1974-1979, I think the exemption was $50,000. When my parents were stationed overseas, early 80's, it was more like $75,000.

So really the key is to work even harder to secure so called "passive" income. Widespread "AGE" discrimination that is perceived to happen at 60/65 years old has been more like 40 years old. (for years already)

 

[jmlangeveld]

quote:

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Originally posted by Whimsey:
For the last 40+ years we've seen the ravages of increasingly oppressive government regulations, taxes, labor unions in heavy industry and a legal system out of control. The US has one of the most repressive business climates around. But at the same time it's easier to START a small business in the US than probably anywhere in the world. You can't look back only foward.

Whimsey

---

I am bothered that it is American Companies that hire out cheap labor overseas. Then, when it is time to pay Taxes, they don't pay because they hide their operations overseas. I really can't see why our government lets this happen.

Anyway, it makes me sad when I sea a great American Company like Boeing, losing its competitive edge to Airbus. I really fear for the American Car industry once China starts exporting.

 

[427Z06]

As a true believer in a marketplace economy -- with proper regulatory safeguards of course

-- I can see the advantage of some degree of outsourcing. If someone else can TRULY do a better job at a lower price then as a stockholder, I can see cases where outsourcing makes sense.

For instance, if a company's performance is poor for several quarters, outsourcing of upper management should be considered. There are apparently many good current and potential CEOs, COOs and CFOs in countries such as Japan, Taiwan, India, China and parts of SE Asia who could perform those functions very efficiently for many US corporations and at a MUCH lower salary. As a stockholder in several such underperforming US corporations, I might welcome the change. Let's have General Electric, IBM, Microsoft, Dell, and Oracle and the like start at the top, instead of the bottom.

[ March 19, 2005, 06:21 PM: Message edited by: 427Z06 ]

 

[msparks]

quote:

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Originally posted by drive it forever:
Imagine, the average person not being able to afford a new car.....

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Face it the average person now cannot afford a new car. Hence the reason for credit.

Who's fault is that????

 

[Whimsey]

quote:

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Originally posted by jmlangeveld:

quote:

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Originally posted by Whimsey:
For the last 40+ years we've seen the ravages of increasingly oppressive government regulations, taxes, labor unions in heavy industry and a legal system out of control. The US has one of the most repressive business climates around. But at the same time it's easier to START a small business in the US than probably anywhere in the world. You can't look back only foward.

Whimsey

---

I am bothered that it is American Companies that hire out cheap labor overseas. Then, when it is time to pay Taxes, they don't pay because they hide their operations overseas. I really can't see why our government lets this happen.

Anyway, it makes me sad when I sea a great American Company like Boeing, losing its competitive edge to Airbus. I really fear for the American Car industry once China starts exporting.

---

You missed the whole point of what I said. It's the greed of our own government and lawyers for their desires to control how a business is run. They want all your money upfront and the ability to steal all your money in the future. The government and lawyers are nothing but blood sucking leaches. I can honestly see why a business would not put up with the crap they are subjected to just to be labelled "American made". Keep voting for Democrats and business'and jobs will keep disappearing. NJ is a perfect example. the only jobs we have left are fast food and service jobs. The manufacturing and even white collar jobs are leaving the state at an alarming rate. High taxes, government regulation and Union demands have driven "good" jobs away. What's that saying.."you reap what you sow..".

Whimsey

 

[427Z06]

quote:

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Originally posted by jmlangeveld:
I really fear for the American Car industry once China starts exporting.

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It's already happening, as that's how I lost my job. A third of the production of a MAJOR component that goes into all cars, trucks, tractors, big rigs, boats, are now made in China, and to a lesser extent Mexico. And the rest of people still producing it here are continually threatened to work harder for less pay or those jobs will move overseas too.

ALL the big corporations already have heavily invested in China and are continuing to do so.

 

[wulimaster]

quote:

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Originally posted by 427Z06:
[QUOTE A third of the production of a MAJOR component that goes into all cars, trucks, tractors, big rigs, boats, are now made in China, and to a lesser extent Mexico. And the rest of people still producing it here are continually threatened to work harder for less pay or those jobs will move overseas too.

ALL the big corporations already have heavily invested in China and are continuing to do so.

---

Fast forward a few years and where do you think it will all end? That was a retorical question. But, if you want to give your best guess feel free to.

 

[drive it forever]

All this amounts to is modern day slavery. What is the living conditions like for these workers in india?