firms should not be investing abroad when there is a need for investment to create

  • Thread starter Thread starter Aida norain B
  • Start date Start date
There was an article about outsourcing in I think Time magazine. They showed in St. Louis a phone company laid off its support staff who was getting paid $20 an hour. What they did was take the operations to India and paid the workers there $3 an hour. So the company is saving $17 per worker an hour. Major savings!!

So some people might complain that we are ripping off the foreign worker by paying them $3 an hour when really that isn't true. $3 an hour in their country put them in a high middle class.

I feel bad for people who have lost their jobs but that is how business works. You would have a struggle between the employees and the investors who want a larger profit.
 
Back
Top