Post by Non Alum Dave on May 12, 2016 18:17:27 GMT -5
I could go on and on about the joy of working in the bowels of corporate F&A departments (small business too), where the decision to strip America of thousands of solid low-midclass jobs in the name of lower labor costs and efficiencies has backfired. I wish I had a dollar for every timesheet I reviewed from Asia (while working for a small software company) that had to be scrubbed to reclass billable hours to non-billable because of re-work. Great margins on those projects! And now I'm in a huge, unnamed company, with about 20,0000 employees, that moved their billing/AR/AP/Project set-up groups overseas about 3-4 years before I got there. We STILL cannot get invoices out the door promptly and accurately. In my role, I'm supposed to spend 5-10% of my time on billing/set-up/collections, etc, and the rest of my time on analysis and forecasting. It's more like 50/50, and I still have to explain to the execs each month why our cash position is not where it should be.
And how about the people here who could use those types of jobs? I know one woman who pretty much works 2 full time retail jobs to support herself. She'd love to improve her education (and job prospects), but it's kind of hard to fit school into an 80-90 hour work week. Good thinking, Corporate America!
NAD- I have recently come to the firm conviction that Globalization is a world-wide scam that benefits multi-national businesses, multi-national financial institutions, the wealthiest individual investors, one-world politicians and intellectuals and third world economies at the expense of workers in the developed countries. The arguments that purport to show that Globalization benefits workers in the U.S. are bogus. Trump is a wealthy individual investor who invests overseas, but his kinds of investments are not the kinds that take jobs away from Americans. His overseas high end hotels, golf courses, etc. do not take away American jobs as building an overseas manufacturing plant filled with low wage workers does take away American jobs.
Post by gateraider on May 12, 2016 22:07:53 GMT -5
Except for food stuffs almost everything you buy (car parts to coffee pots to Apple phones to socks), that has to be made, is now made in China. You can confirm that yourself. Labor costs are less for the companies that manufacturer in China and it is not just multi-national companies. The argument goes that it helps Americans because the products are cheaper. The fact is that much of the stuff made in China is cheap junk made at the margin of functionality and standards. The workmanship is poor. So many of the products are of such poor quality that even Ebay alerts potential buyers about where they are made. Does that really help Americans? Even the cheap stuff is unaffordable to Americans who have lost their job in the process. It hurts small third world countries as it is almost impossible for them to compete. The only thing globalization is doing for Americans, as noted by sota, is lowering their standard of living and it is bound to continue. The U.S. can't compete on labor costs and pay a reasonable wage to workers.