Theos-Talk Archives (February 2004 Message tt00054)

somethingnew372004 wrote:
> Well let's just see the result if America stops outsourcing. Companies will 
> need to save money so ther would be less employed who would have to work 
> for less and work a whole lot more hours, in other words, be corporate slaves. 
> It's either that or the company goes bankrupt. Productivity will go down which 
> means less profits and this causes a vicious cycle since less money would be 
> generated to hire more employees. This means more low paying jobs, or less 
> jobs, and no free time. 
You are, of course, assuming that the savings are passed on to the 
customer. However, that is not the case. The principle is more 
short-term cutting of expenses, giving a temporarily higher profit, with 
major rewards to the CEO. The Board of Directors is, of course, made up 
of a group of connected people, all of whom take turns being CEO's of 
other corporations. The cuts in expenses end up severely injuring or 
destroying the company, but by the time this has happened, the CEO has 
bled it dry.

Bart