The greatest economy in the world but you don't know if you will have a job tomorrow.
Face facts - we can't buy land, stock or sell products in many of these countries.
Protective trade practices and trade agreements are a requirement for a stable economy and fair trade. History is full of restrictive trade practices and tariffs and countries doing well by them.
Prices are in many cases relative within an economy. Lack of outside competition induces higher prices but wages have to meet the price structure. People cite the quality difference between Japan and US in autos but the real problem was and is monopolization by the big three. I'll argue the US market defines the automobile price structure for the rest of the world which is why the Japan car makers support the bailout.
The cost of loss of industry is probably greater in many cases than minor savings in actual cost content per unit. Look at textiles. The factories left. People had to take lower paying service industry jobs ,leave town or commute long distance.
I would argue the loss in housing values alone is much greater than the per unit savings from outsourcing. Tax revenues fall also. The companies that supplied the industry had to fold up also or operate internationally at a higher overhead. The sad fact is that actual direct labor time per unit is really small on many automated high volume products with a large savings to the company but not to the consumer.
Where we are really biased is that we thought we could outsource the labor jobs and not lose the engineering, marketing, finance and other corporate jobs including CEO. But if the overhead is still higher than the foreign companies those jobs too will finally disappear. We do see some outsourcing is happening in accounting also.
If you support free trade you support losing your job or your neighbors job or your child's future job.
You need to be supporting America's continued dominance in trade. Other countries rightfully want what we have. That does not mean they can have it. It also doesn't mean we have to give it away for free.
There will always be a Cheaper area of the planet to ship work to. Add to that - Countries which control their currency to keep it artifically lower - so Yes, Cheaper is out there. Why Washington D.C. won't close the Tax Breaks for Shipping Jobs Overseas can't be justified as good for America except by lobbyist's & "special" interest groups. Would be Nice to have a policy that gives tax breaks to companies that create Jobs in The U.S. CEO's say - "well just always invent New Leading Edge - State of The Art - Widgets - every 6 months" - easier said than done. Plus, The Outsourcing Industries have increased while rate of inventing new widgets has stayed linear. Wonder where Those New Widgets will be manufactured ???
Wall Street - tells me - invest for the long term & then Wall Street only rewards Increased Quarterly Profits. (am i missing something here?).. I worked in Silicon Valley when Steve Jobs and Steve Woz were running Silicon Valley. Now, Thanks to The MBA's - Silicon Valley IS Looking Like Detroit !!
There will always be a Cheaper area of the planet to ship work to. Add to that - Countries which control their currency to keep it artifically lower - so Yes, Cheaper is out there. Why the Washington D.C. won't close the Tax Breaks for Shipping Jobs Overseas and have a policy that gives tax breaks to companies that creat Jobs in The U.S. can't be justified as good for America except by lobbyist's & "special" interest groups. CEO's say - "well just always invent New Leading Edge - State of The Art - Widgets - every 6 months" - easier said than done. Plus, The Outsourcing Industries have increase while rate of inventing new widgets has stayed linear. Wonder where Those New Widgets will be manufactured ???
Wall Street - tells me - invest for the long term & then Wall Street only rewards Increase Quaterly Profits. (am i missing something here?)I worked in Silicon Valley when Seve Jobs and Steve Woz were running Silicon Valley. Now, Thanks to The MBA's - Silicon Valley IS Looking Like Detroit !!
Outsourcing is the present reality and is projected to be the future reality of all tech. engineering in North America. One must accept this and move on. Now don't get me wrong i hate it and think that its a terrible thing for engineers and the engineering profession here in the long run......I sincerely believe that President Obama is a good man that truly wants to do the right thing but there are too many other interests / factors that will get in his way of trying to reverse outsourcing. It would be nice if he could slow it a little at least. But the Inevitable truth is that the cost of running an engineering firm here is prohibitively expensive and in India and China too cheap. Throw in technology and advanced software/tools that are capable of automating many aspects of the design process and suddenly, from an entrepreneur's point of view, engineers become less important and outsourcable...In this age of globalization tech engineering is not a good career choice in N.A and will continue to be a bad choice unless if globalization is somehow reversed.
JustSayNo: And just how do you figure you won't allow either of your children to become engineers? They must not be teenagers yet. If they have the knack, they're gonna do it. Like it or not. Not sure of your background, but I think engineering is a great profession. Would you rather your kids get jobs in finance??? Plenty of MBA's hitting the bricks. I don't know where people get the impression that engineering is so unstable. I believe it is one of the most stable.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.