Bill Virgin on exporting American jobs
Bill Virgin, Seattle P-I columnist, writes "Exporting jobs is no way to run a business", which has some very good arguments to counter the "inevitability" of moving jobs overseas.
Also as we've explained before, yes there are benefits to cost cutting -- short-term cost benefits. But there are also very real long-term costs. Those investors and retirees, for example, hoping to sell their stocks -- good luck fetching the gains they're counting on when they're trying to sell their stocks to a generation whose purchasing power and wealth-building ability has been cut by the drain of better-paying jobs.