Cost of Unemployment
Firstly, It is the American companies that are taking jobs out of US. It is not "stolen" by non-immigrants / other countries.
Economics is dynamic and should be viewed as such. If "Exporting Jobs" are costing American Jobs, it is cffering American Companies cost savings and better productivity. The impact of such a course of action on the economy, ofcourse, cannot be ignored.
How much ever water you pour on a glass tube to exceed the water on another tube connecting it (global Economy), will equalize! It just will! If the American Companies did not take advantage of the benefits of global economy that would increase their productivity and bottomline, it would ultimately be more harmful for the Economy. I agree that it should be controlled. But not the way Mr. Dobbs has adopted.
Corporates in any country need to have Economic and Social responsibility. But it is not always easy to balance it - especially in a recession. Would you prefer for the company to grow financially so ultimately it can produce internal jobs or would you rather prefer it to be "Economically patriotic" and adopt a course which would decrease its bottomline and cause more layoffs and gloomy long run?
The truth is America never expected the concept of "Globalization" to back fire. They are facing a tune for which they were not prepared for. My opinion would not change even if I was a Jobless American! (easy to say .. I know!! ).
If they are in a big hole, Mr. Dobbs is feeding hate that would put them even deeper.
Mr.Dobbs's pea brain has nothing but "personal gain" written all over. I find his arguments, baseless and baised.
Firstly, It is the American companies that are taking jobs out of US. It is not "stolen" by non-immigrants / other countries.
Economics is dynamic and should be viewed as such. If "Exporting Jobs" are costing American Jobs, it is cffering American Companies cost savings and better productivity. The impact of such a course of action on the economy, ofcourse, cannot be ignored.
How much ever water you pour on a glass tube to exceed the water on another tube connecting it (global Economy), will equalize! It just will! If the American Companies did not take advantage of the benefits of global economy that would increase their productivity and bottomline, it would ultimately be more harmful for the Economy. I agree that it should be controlled. But not the way Mr. Dobbs has adopted.
Corporates in any country need to have Economic and Social responsibility. But it is not always easy to balance it - especially in a recession. Would you prefer for the company to grow financially so ultimately it can produce internal jobs or would you rather prefer it to be "Economically patriotic" and adopt a course which would decrease its bottomline and cause more layoffs and gloomy long run?
The truth is America never expected the concept of "Globalization" to back fire. They are facing a tune for which they were not prepared for. My opinion would not change even if I was a Jobless American! (easy to say .. I know!! ).
If they are in a big hole, Mr. Dobbs is feeding hate that would put them even deeper.
Mr.Dobbs's pea brain has nothing but "personal gain" written all over. I find his arguments, baseless and baised.