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This is the statement the Chief Executive of a large Software Company in India said to Morley Safer during a Sixty Minutes segment sometime ago.What he was saying is that the Internet and Satellite Communications have shrunk the world so much national boundaries have ceased to have any relevance.That is bad news for high cost countries like ours as we have already been made aware by the migration of IT jobs to India just as the manufacturing jobs have migrated to China. This is why Carly Fiorina, the CEO of HP can say that Americans are no more entitled to jobs than an Indian citizen or a Chinese citizen. That statement, although callous in the extreme, is a reflection of the new realities of the global marketplace.In this Brave New World, one who has the least and is willing to offer the Global corporations value is going to be the winner.
Countries like India and China not only have a lot of people, but they are increasingly well educated in the sciences, technology and medicine.Their willingness to work at a fraction of our wages makes them irresistible to our financial institutions, research labs,legal firms and insurance comapnies.They are even taking away jobs in the medical professions.
This assault means that we are going to see depression of the wages of our professionals along with the flight of our professional jobs. While Mr.Cheney may profess not to believe in the Theory of Evolution, he certainly believes in the Survival of the Fittest.People like him are not going to be the ones to go to if we , as American taxpayers, want to see some sort of curbs instituted against the mass emigration of our jobs. I am not sure what the policy of the Democratic party is on this matter, but I would be surprised if it is that different from the Republican version, because they both sing from the same corporate songbook.
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