Originally posted by Matt Cao:
It is why they "economists" called Jobless Recovery. No job, no business expansion, only a few multinational corporations numbers looking goods.
Originally posted by Jim Baiter:
Look at it this way, buy stock. If offshoring is as good as promised then companies will save huge amounts and earnings will be peachy. If offshoring fails, your stock may go down but you can always get out and besides you can go and get your job back anyway.
Originally posted by Tim Holloway:
I went one better. Bought stock in Indian offshoring firms. That way, if lots of jobs go offshore, they make big Rs. and I get some of the money back. OTOH, if jobs don't go offshore, I get a paycheck, so I don't care as much.
Of course if offshoring enervates the economy so much that there's no work here OR there, I'm screwed.