![]() ![]() ![]() While I understand the desire for more discussion around equalizing employment, it would be a major mistake to threaten global supply chains. ![]() Whoever solves that problem will become very rich. That doesn’t really help the economy either. The company is more successful, but the employee making $50,000 a year may end up looking at other employment options at half of what he was earning at his original job. It’s a principle that companies and governments all over the world have followed for many years.īut what business leaders and economists have never been able to solve is what happens to the worker that has his job outsourced to one of these specialists for a lower cost. Survey: Share Your Opinion on Global Supply Chain IssuesĪs a part-time economics professor, I’ve long taught my students a very basic tenet that appears in any textbook: as a company grows, it makes strong business sense to outsource certain processes or functions to more specialized companies in order to accelerate growth and increase profitability. reassert itself in the global economy through more favorable trade agreements and to bring back jobs to the U.S. The President’s goal, I believe, is to have the U.S. Of particular interest to me, and I would believe to the IT industry as a whole, is a potential trade war between the U.S. Much of the talk has centered on new policies and changes coming from the Trump administration in the U.S. No matter which side of the political fence you sit on, it’s been an interesting last couple of weeks. ![]()
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