How much are our economic policies costing us?: "I.B.M. is considering shifting white-collar positions to India, where a competent novice computer programmer costs $5,000 a year instead of $60,000. Such a move would help keep the firm competitive and mean lower prices for consumers. But which consumers, you might ask. Laid-off I.B.M. managers? I wish the candidates would address this paradox instead of recycling rah-rah capitalist nostrums and nostalgic tariff schemes: at what point does remaining competitive dry up and dissipate the disposable incomes being competed for? "
- posted by geoff @ #