posted on October 10, 2003 08:16:18 AM new
think of all that money shareholders will save,we can hire 1000 chinese and indian ceos for the price of one made in usa.
we will keep our high paying job,we will just be reporting to a cheap foreign imported ceo.
posted on October 10, 2003 08:58:24 AM new
how about we just stop the practice all together or make it so that a company doing business here MUST pay the same wages there.
posted on October 10, 2003 09:08:09 AM new
in some cases,the foreign workers get more.
i know a chinese assistant professor who worked for j p morgan rep office in china as office manager,she received 3k a month when average pay for doctor is 1k.
she refused to approve expense reports of her co workers ,she was encouraged to resign with 7 months severance pay,
posted on October 10, 2003 09:13:31 AM new
Sounds good to me dodobird!
Such is the beauty of capitalism and free market.
But it can result in extinction of the weaker species.
This is exactly why those types don’t mind seeing Gov-Intervention when it comes to tariffs and protectionism, even under the guise of foreign aid when it’s actually coming back to them.
But for the domestic blue-collar workers (the canon fodder), now that’s a different story; they are less equal;
That is when the CEOs really like to see the true liase-fair or (free market) or (anything goes).
So in the mean time the small share holders are the canon fodder.
