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In article , (Frank White)
writes: Subject: The Big Parade From: (Frank White) Date: 14 Jul 2004 03:09:51 GMT In article , says... In article , (Michael Bryant) writes: What's up, Burr? Tired of job hunting? Hey Mike. There ARE no jobs; Manufacturing is being trasported to China snip Karmic payback story from the Wall Street Journal a few days ago: A lot of the firms who've relocated their manufacturing to China because of low wages are running into major (and costly! ^_^) problems these days because the Chinese leaders, not anticipating the sudden economic boom, didn't build power plants a few years back. The result now is that brown outs are widespread as the powergrid is overtaxed and underpowered, and manufacturing firms have had to either buy generators (a hideously costly source of power) or shut down operations when the power goes out. Many firms are seeing their profits shrink like ice cubes thrown into a hot skillet; and even though the Commie leaders are now fast tracking the building of new power plants (ignoring environmental damage and pollution along the way; China's air is already some of the most polluted on Earth, and given that most of the power plants will be burning high sulphur coal, things will probably get MUCH worse); I say, even though they're building them as fast as possible, it won't be until 2006 that things will start to improve. Meaning all those western firms MAY wind up regretting their outsourcing... And the Beijing Olympics should be VERY interesting. ^_^ FW - But Wait! Theres MORE . . . ! http://finance.messages.yahoo.com/bb...4687857&tid=in tc&sid=4687857&mid=625724 "We are starting to see it.. The Billions of dollars shipped out of this country directly affects the buying power within this country. CEO's will scratch their heads as they fail to meet revenue projections but the failure is their own doing. If less and less people have money to buy goods and services at levels they have before then corporations do not need to purchase more and more computing power to drive their business. A viscious cycle indeed where only those at the top and those at the top of the Wall Street pecking order will survive. The writing is on the wall, we are outsourcing all kinds of white collar work including Wall Street analysis. Soon 5 % of the people will have 95 % of the money (just like Third World Economies). How many cars/computers/appliances/etc will these 5% buy ? Certainly not enough to sustain the economy. Yet our elected officials who are in the pockets of the 5%'s tell us that outsourcing is good for the economy. Please don't insult our intelligence." I've also heard ( * Thankfully* ) that some overseas software mills get it wrong, take too long, are overly process driven * AND* People can't understand what the helpdesk is trying to tell them . . Dan |
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