Do you ever worry that low cost products made in low wage countries are the result of exploitation of labour?
I absolutely do, offshoring relocates business to the lowest bidder and when you go to countries with no jobs, you call the shots and they'll take anything you give
Over time, would you expect those cheap labor markets to become less cheap as foreign capitol flows in?
With all the immigration and mass migration going on, I feel like the cost will get even lower
Interesting standpoint. What about sub-sarahan Africa as a new emerging market for outsourcing? It seems to be the last frontier of truly untapped labor.
It'd make sense with such a huge population, the Economy of Africa relies on trade solely for its income so things like outsourcing will undoubtedly make their way in
China has been investing heavily there. Especially for agrictultural endeavors.
Nuclear weapons of the United States
The United States was the first country to manufacture nuclear weapons and is the only country to have used them in combat, with the separate bombings of Hiroshima and Nagasaki in World War II. Before and during the Cold War, it conducted over a thousand nuclear tests and tested many long-range nuclear weapons delivery systems.
Between 1940 and 1996, the U.S. government spent at least $ in present-day terms on nuclear weapons, including platforms development (aircraft, rockets and facilities)
didn't make what they call 'Sub A' segment cars, small city cars – you don't make any money on them. Because the tooling and development cost for a small car is almost the same as for a bigger car. So people would rather build larger cars and make more profit. That's when I started thinking, that if this is going to work there needs to be a new way of making the cars, that is cost effective. That high capital pressed components using low labour cost countries a