H-1B visa limit for 2005 already reached

TalkBack 26 of 35:

Next »

« Previous

• Thread View
• Flat View

Globalization for US rethinked - 2 routes to take....

Senario ONE - we can play the global game where we cut each others throats to become the low cost producer. If we follow this route, it is only a matter of time that this country cedes MANY industies to other countries. Workers will continue to lose jobs with will greatly hurt workers and heathcare as Corps jettison these cost to compete. This will also discourge young people from marrying and forming families. Investors will also get hurt (in the long term) as revenue then profits fall
which means and there will also be less money for people to invest in assets (so stock, business and real estate prices fall). Companies get hurt as they have lower revenues and profits which means less money for research to drive future innovation - (which they will ultimately have to do when they cannot fire high-cost labor have done so already). Pensioners get hurt when the value of their pensions fall and less workers deposit money into pensions. Govt. also gets troubled by getting less tax revenues because of above reasons, which means less fiscal deficits. Govt continues to have tremendous trade deficits and more reliance of foreign powers because we cannot produce our own goods or finance our deficits. The US govt also has to deal with risks of having a "have nots/haves" economy that has destroyed many governments of the past. The US also loses as we can ill compete with more developing countries with diminishing energy and mineral resources as these prices go up (higher metals and concrete prices, $80 barrel of oil??).

Senario TWO we could manage the period of developement by using quotas, price contols and other laws, that gives more time for other countries to develope (yes this does probably means they will take a much longer time to develope and some industries may never develope). Some prices may go up but industries will continue to remain as going concerns making money and will able to spend money on research. Govt can continue to fight middle class decline through education, fight fiscal and trade deficits be having a tax base it can rely on. Families can continue to form and educate their kids, pay there mortgages. Yes US would probably export less to the world - but is it in the cards for the US being the "low cost" producer in the world. Are we willing to see wages go to $1 dollars a day and $7,000 year for professionals (wages will go up overseas due to currency fluctuations and inflation, but how much with 800 million workers in India/China alone)?

We we see it is not only workers that get harmed in senario one - business, and investors, in this country at least, also suffer. In this country Senario ONE is playing with economic fire that will unleash forces of deflation last seen in the 1920s. To me it is simple - Senario ONE should be avoided at all cost.

Gimme some of that old fashioned regulation!

Posted by: redstone   Posted on: 10/03/04 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• Virtualization: Architectural Considerations And Other Evaluation Criteria VMware Of the many approaches to x86 systems virtualization available in the ... Download Now
• Five Steps to Determine When to Virtualize YourServers VMware Server virtualization isn't just for big companies. Entry-level ... Download Now
• Why Isn't Server Virtualization Saving Us More? A Few Small Changes May Dramatically Increase Your Efficiency VMware Companies have rapidly adopted server virtualization over the past few ... Download Now