Mvscal:
Wages are barely keeping pace with inflation. Where do you suppose all the miraculous bounty of outsourcing is going? Well, wonder no more. It's being carried straight to the bottom line.
When removing the rapid increases in energy costs, the cost of living is increasing very rapidly. However, I know that you and I cannot evade thos eincreased, but nonetheless, wages are keeping pace. Those "savings" are being invested for the most part. very little goes to executive officer compensation or paying dividends and the like. The vast majority goes to keeping current employees employed and expanding existing operations. This is a growing economy or did you just conveniently ignore this?
If you believe that it or even a noticeable percentage of it is being plowed back into wages or benefits for the remaining workers, you are pathetically naive.
Surely it's not being plowed back into wages, however, we have not seen large increases in wages in two decades primarily because of increasing health care costs that employers continue to pay despite massive increases. So while some of that savings is, in fact, contributed towards wages, a far larger percentage goes into maintaining hospitalization and medical coverage for employees.
BTW - is it your expectation that the savings would be plowed back into wages only?
It seems like they ought to be getting a little taste for their trouble. Especially since all those gains in productivity mean more work for those at the transactional level.
I would agree with you.
However, I still see don't see how the case can be made that outsourcing is killing the American worker as the rhetoric employed by you and others would certainly suggest.
You have worn out the "zero sum game" horsepuddle. Believe me, I "get it". That's why I invest.
Well, you conventiently ignored it in this dicussion.