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Now, it seems to me that such a policy runs afoul of reality on several
levels. US consumers and US workers are one and the same; a company
that large is its own market, and can't get rid of one without losing
the other. The American way of marketing and consumption is "more for
your money," which drives innovation and the standard of living up;
"cheaper all the time" goes in a different direction--maybe a better
direction, but a different one. I don't have a high opinion of
Wal-Mart, so I'm biased, but I would ask you to consider whether being
a consumer in a Wal-Mart world of cheaper and cheaper would work out if
you were also a worker in that world.
Steve, you are right, but you might want to add one element to the
equation. Sure, Indian workers are cheaper than us, but as they learn
these new skills, they also get paid more then other workers in their
country. The result is that they have more money to spend and they are
also becoming a market. More and more companies are starting to generate
great sales revenus in India. The market lost in our part of the world
can be overcome by the market gained in other parts of the world.
Share the work, share the wealth, share the market...
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