- Joined
- Oct 10, 2009
- Messages
- 545
It's the reality of business. There are large pools of skilled labour in many of these foreign countries (especially in engineering). The cost of living is lower there than in NA. To be able to keep costs low it's only natural to shift production there for the mass consumer goods. Economic Power between countries is a constantly shifting thing, and as much as it sucks for us in NA, the longer we whine about it the further behind we fall.
While there is an argument for greed of the execs being a motive, when it comes to publicly traded companies it is really the shareholder that demands growth. If growth slows down or drops too much, share price drops. Share price drops then a business will be forced to cut costs. If they don't then they go out of business and a lot more people are out of jobs. It's also important to note that a lot of shareholders are normal educated middle class citizens. People trying to expand their investment portfolio to be able to either add to their yearly income or save up for retirement/child's education.
While there is an argument for greed of the execs being a motive, when it comes to publicly traded companies it is really the shareholder that demands growth. If growth slows down or drops too much, share price drops. Share price drops then a business will be forced to cut costs. If they don't then they go out of business and a lot more people are out of jobs. It's also important to note that a lot of shareholders are normal educated middle class citizens. People trying to expand their investment portfolio to be able to either add to their yearly income or save up for retirement/child's education.