Wednesday, March 26, 2008

Didn't win the Lottery?

Duration: 04:11 minutes
Upload Time: 2008-03-16 16:06:11

This is a brief discussion on the question why and why I ask so many. I also talk about the economy / American jobs / Immigration / money.

Comments

JoeShmoe65  2008-03-18 21:42:48

Thanks Ella!
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TheCZMan  2008-03-18 04:03:29

See what I mean. So you have to be able to offer a much better salary than the indian developping corp to attract the guy. In the end, for a society, it means cutting down on training investment and shift the saved money on higher salary offers. That is the way it is now.
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TheCZMan  2008-03-18 04:00:49

Service jobs will be outsourcing more and more. Because it costs less to hire already trained people than participate in training them. Each time the US hire a guy overseas, all the costs of education (for this guy) are zero. You also have to hire the best elements of each generation to prevent a competitor from arising. Eg: if you want to prevent a large computer corporation to developp in India, you have to hire the more talented workers there.
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55ella2007k  2008-03-17 20:27:37

Good video, Vernon. Yes, even service jobs are being outsourced now. Has been going on for some time. Think of all the computer help lines, or processing of insurance claims for that matter. Medical transcription, secretarial work...etc. Things definitely don't look good...
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TheCZMan  2008-03-17 19:35:58

I think noone has an idea on how much derivatives amount to.
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