Monday, January 19, 2004

Here comes the Protectionists
IBM is moving jobs to asia, because labor costs are signifcantly less.

While everybody starts complaining about the jobs that are "fleeing the U.S." look at it this way. First, computers will now be cheaper meaning the rest of us will effectively have more money. If you are a techie, sorry dude, life sucks. But the rest of us get to make out like bandits. Second, eventually, the exchange rates are going to change, and it won't be so cheap to have workers do these tasks abroad. When that happens we may start seeing some factories come back to the U.S.
(thanks to DrudgeReport for the link)

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