Obama Told Ohio Unions Outsourcing Was Bad - Now Tells India We Shouldn't Fear Outsourcing

Do you recall during the 2010 choice when Junior Senator Obama chastised the North American Free-Trade business transaction while campaigning to the hardcore union members in Ohio, Indiana, and Michigan? I sure do, and I also remember him hammering on small business, namely "Joe The Plumber" - oh, so now you recall all that. Well, reconsider all that political rhetoric to unite the Democrat Base, and reconsider the reality of Obama's policies today.

Now, Obama has decided that maybe small businesses are okay since they employ 75% of the work force and happen to be 10% of our population, possibly the ten-percent that helped the Tea Party swing into action. Today, the Obama management can't say adequate good things about all the Joe the Plumbers of the world and never misses a beat to mention the "small business and jobs bill" he helped get through Congress.

News From Afghanistan

Interesting switcheroo isn't it. Yes, I find this roughly a unblemished flip-flop, just like Guantanamo Bay, War in Afghanistan, and now the 'evil outsourcing' he so faithful criticized. Does the man honestly have any deep beliefs about anything, or is all just a teleprompter acting episode - one after another?

Interestingly enough, I have some American Indian in my house tree on my Grandfather's side way back, and I've always liked the saying that "white men speak with forked tongue" and to that point, I'd like to say so do half-white people, as well as all politicians regardless of color or race White, Black, Hispanic, Asian, Arab, Eskimo, or otherwise. We all know that don't we?

Well, not that whatever is surprised but on Obama's high-priced India trip in November of 2010 he stated that the "Us Should Not Fear Outsourcing" as he spoke with the leaders of India. You can read about this in the Washington Post; "Outsourcing Us Jobs a Source of Tension on Obama's India Trip," written by Emily Wax and published on November 7, 2010.

Now then, I am not going to call whatever a liar here, especially not the President of the United States of America, but I would like to point out that man who tells lies by definition is a liar. The only interrogate now would be which time did Obama lie, before he became president or after? Please reconsider all this.

Obama Told Ohio Unions Outsourcing Was Bad - Now Tells India We Shouldn't Fear Outsourcing

My Links : todays world news headlines

Keynesian Economics, National Wage Rates and the Offshore Outsourcing Phenomenon

In the world of economics, every participant in the scene is regarded as a commodity - raw materials, ideas, business processes, and even labor and time. Like all buyer goods, the economic value of labor also rises and falls. However, in an attempt to preclude economic anarchy that will inevitably arise from mass retaliation, varied national governments, in consideration of Keynesian economic principles, have decided to apply protectionist policies that operate wage rates.

This is why wage cuts seldom happen. At worst, a country will not increase wage rates for long stretches of time. However, very seldom do they genuinely decrease the paycheck of their employees. However, the normal trend is that when a needful chunk of labor force greatly increases it productivity, the rest of labor force, even if they stayed stagnant, will also corollary suit. Hence, the bloating of national wage rates.

News From Afghanistan

Swelling wage rates also imply commodity inflation, as the relative value of goods and services are very dependent on the whole of labor used to generate and deliver it. In short, since everybody gets paid more, a buyer will also have to pay more for goods and services acquired from someone else someone since these goods and services were made ready with the more costly labor.

For example, let's use a globally popular hamburger brand as an index. In the Philippines, it costs roughly Us$ 2 in 2008, while one bought in the United States in the same year costs about Us.5 - a 75 percent difference. This is just one example of the term called "purchasing power parity", which illustrates the wide variations of the cost of living among countries. Let us now contextualize this hamburgernomics to outsourced labor rates.

A Us/hr. Web programmer in the Us would earn 0 a day. On the other hand, a Us/hr programmer in the Philippines will earn . However, living costs in the Us are much higher than that of the Philippines, so that the apparent "exploitation" doesn't genuinely exist. At per day, a programmer in the Philippines can pay utility bills, buy all basic needs, and pay rent for a decent 1-bedroom apartment.

Thus, fellowships can save more on labor costs, while their offshore employees wallow in sheer joy. Hence the outsourcing phenomenon.

Keynesian Economics, National Wage Rates and the Offshore Outsourcing Phenomenon

Thanks To : todays world news headlines