Reply #44: Two PRINCETON Economists . . .

[HughBeaumont]

Well, one can CERTAINLY assume that two ECONOMISTS from one of the chief schools of the ruling classes run a balanced report on labor vs capital not FAVORING their own privileged plutocrats; surely, EVERYONE benefits from the benevolence of the philanthropic rich! :eyes:

The "productivity" and "re-training" arguments pro-offshorers love to use are nothing but theoretical straw-men and hyper-assumptive MYTH, respectively. Any monetary cost saved in wages and hours worked immediately gets eaten up in knowledge and data transfer, lost money due to project delays, debugging and communication breakdown (which companies experience frequently), not to mention destruction of the morale of existing workers, which leads to less real production and sometimes absenteeism due to stress.

We don't need to explain what a crock'o'alligator shit "retraining" is. "Retraining" only works if you have career paths on the horizon that AREN'T in danger of following their predecessors offshore. Such an argument is completely ignorant of the fact that no matter how many degrees you get, no matter how many skills you learn, your Chinese and Indian counterparts can get that SAME knowledge, those SAME degrees, and always ALWAYS remain cheaper than you can ever be. And for every one of us, there's nearly ten of them. What we're "competing" against kills us from the start. It's not a knowledge deficit, it's a COST or CURRENCY inequity.