89 replies to this topic

[WIP]

Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it's cheaper.
Read more: http://www.businessi...6#ixzz1R20cQIHN

Yes, first they told us it was only those working in more labour-intensive industries like textiles who had to worry about losing their jobs to outsourcing...then they came for the manufacturing line workers...then they came for the skilled tradesmen...then white caller jobs, starting with telephone sales and product service personnel lost their jobs to call centers in Mumbai...then the computer programmers and software designers who thought they had the new, innovative skills to make them secure in the age of globalization...goodbye! unless you can work in our new office in India!

Well, who's going to shed any tears for these hotshot, big money bankers and investment analysts who made a killing swimming in the proverbial "sea of smiling sharks?"

[Oleg Bach]

Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it's cheaper.
Read more: http://www.businessi...6#ixzz1R20cQIHN

Yes, first they told us it was only those working in more labour-intensive industries like textiles who had to worry about losing their jobs to outsourcing...then they came for the manufacturing line workers...then they came for the skilled tradesmen...then white caller jobs, starting with telephone sales and product service personnel lost their jobs to call centers in Mumbai...then the computer programmers and software designers who thought they had the new, innovative skills to make them secure in the age of globalization...goodbye! unless you can work in our new office in India!

Well, who's going to shed any tears for these hotshot, big money bankers and investment analysts who made a killing swimming in the proverbial "sea of smiling sharks?"

I hate this kind of corporate national disloyalty. These companies who all originated within a nation - are thankless in the fact that it was their home nation that created them - supported them and gave them their original wealth and power. It reminds me of a medical student who declares his love for a coctail wait person - moves in with her - sends her to work...promises marrage - then dumps her when he graduates - This move by Goldman Sachs is the height of usery.

Our and the Americans unemployment problems are directly linked to this kind of corporate behaviour ....Is GS wants cheap labour - there should be a law that insists that top executives should not be allowed the comfort and safety of a home base...they should all be shipped to Sinapour or India - why are we loyal to them when they are NOT loyal to us...The populace and the population are suckers.

[Oleg Bach]

This thread is of utmost importance _ My postion is one of protectionism. Some how there is a line of thought that national protectionism brings about poverty - well it would in a nation with no real resourses - or self sustainablity - but that is not the case with Canada and the U S A.

Companies that insult their founding nation with such actions are simply sick with greed. Continued growth and expansion with no limit is not a good buisness plan. Monsters are created when the bottom line supercedes civilized behaviour. IF a company profits 3 billion dollars a year...IS it a real necessity to profit 6 billion a year? How much wealth do they need - at this point so much wealth is being accumulated by such companies that the people in control could not spend their personals fortunes in ten life times...where is the sense and why is this insanity rewarded and looked up too? I don't get it.

[Oleg Bach]

Who is the indiviual who comes up with such cruel and cold ideas - to fire 1000 of their own country men causing them heart ache and hardship? Then hiring a bunch of people in some far off land for minimal renumeration? People that they do not know - who are not part of their national family - people who dispise America - Have we not given to much power to our enemy through our own weakness called greed? Look at what happened in Pakistan - or Saudi Arabi - we pay and profit in the selling of daggers that will later be plunged into our own hearts......Goldman Sacks must be run by robots...fools who take nothing into consideration other than immediate gain and instant gratification - not a very mature or wise way of doing buisness - They have the mentlity of common crack addicts and rank socially on the same level.

[Oleg Bach]

Goldman Sachs is going to fire employees in the U.S. and some other countries so that it can hire 1,000 in Singapore, where it's cheaper.
Read more: http://www.businessi...6#ixzz1R20cQIHN

Yes, first they told us it was only those working in more labour-intensive industries like textiles who had to worry about losing their jobs to outsourcing...then they came for the manufacturing line workers...then they came for the skilled tradesmen...then white caller jobs, starting with telephone sales and product service personnel lost their jobs to call centers in Mumbai...then the computer programmers and software designers who thought they had the new, innovative skills to make them secure in the age of globalization...goodbye! unless you can work in our new office in India!

Well, who's going to shed any tears for these hotshot, big money bankers and investment analysts who made a killing swimming in the proverbial "sea of smiling sharks?"

Executive: "Albert, I have a great idea...there are some bean counters in India who will work for 20 bucks a day...our guys are making 200 bucks a day....why don't we get rid of our own and hire the people in India?"

ALBERT: "What about our guys? What will happen to them?"

EXECUTIVE: "F**k em".

[bush_cheney2004]

...then white caller jobs, starting with telephone sales and product service personnel lost their jobs to call centers in Mumbai...then the computer programmers and software designers who thought they had the new....

Interesting....where was the outrage when such jobs were exported to Canada from the United States....and still are?

[GostHacked]

Interesting....where was the outrage when such jobs were exported to Canada from the United States....and still are?

Not sure, why did you not get outraged when that happened?

[WIP]

Who is the indiviual who comes up with such cruel and cold ideas - to fire 1000 of their own country men causing them heart ache and hardship? Then hiring a bunch of people in some far off land for minimal renumeration?

Except that in the case of this particular 1000 employees, they were part of the active decision-making process that outsourced the jobs of many who were lower on the income scale, and they likely considered themselves to important to have their jobs outsourced. I found much the same thing 10 or so years ago when all of the computer experts thought their skills meant that their jobs and their incomes were impervious to whatever else was going on in the economy. And back when the first Free Trade Agreement was being argued out in Parliament, a lot of manufacturing employees thought it was okay, because it was only menial jobs in textile manufacturing that would be lost.

Globalization has created a race to the bottom because the international organizations and free trade agreements ruled out any effective labour, health and environment restrictions on imports. Today we are importing products that are being produced using dirty manufacturing processes that failed air, water and other environmental standards here. So we outsourced the production and imported the pollution through climate change.

[WIP]

Interesting....where was the outrage when such jobs were exported to Canada from the United States....and still are?

The outrage should have come from your side of the border, so were you fighting to save the jobs of auto workers while production was being sent to our side to take advantage of our then lower dollar?

[bush_cheney2004]

The outrage should have come from your side of the border, so were you fighting to save the jobs of auto workers while production was being sent to our side to take advantage of our then lower dollar?

Nope....I was just wondering why exporting American jobs to Canada is/was not considered a "race to the bottom". What makes Canada better than Mexico in that regard (NAFTA)? Or any other nation with cheaper labor?

[August1991]

Yes, first they told us it was only those working in more labour-intensive industries like textiles who had to worry about losing their jobs to outsourcing...then they came for the manufacturing line workers...then they came for the skilled tradesmen...then white caller jobs, starting with telephone sales and product service personnel lost their jobs to call centers in Mumbai...then the computer programmers and software designers who thought they had the new, innovative skills to make them secure in the age of globalization...goodbye! unless you can work in our new office in India!

India? Think of all those jobs that we've lost to computers! Typists and typewriter manufacturers have all been "outsourced". Or as Obama noted, think of all the bank tellers who lost their jobs to ATMs.

The way things are going, computers or people in India will do everything and we won't have to work at all.

----

WIP, I suppose that in addition to forbidding trade with India, you would favour destroying all computers so that we could return to a world of secretaries and bank tellers.

[Bonam]

India? Think of all those jobs that we've lost to computers! Typists and typewriter manufacturers have all been "outsourced". Or as Obama noted, think of all the bank tellers who lost their jobs to ATMs.

The way things are going, computers or people in India will do everything and we won't have to work at all.

----

WIP, I suppose that in addition to forbidding trade with India, you would favour destroying all computers so that we could return to a world of secretaries and bank tellers.

The contradiction is indeed poignant. WIP believes in a techno-utopia where we are all freed from having to work by automated technologies that provide us everything we need. He calls this the "resource economy". Somehow he forgets that that involves pretty much everyone "losing their jobs".

Edited by Bonam, 03 July 2011 - 12:15 PM.

[WIP]

India? Think of all those jobs that we've lost to computers! Typists and typewriter manufacturers have all been "outsourced". Or as Obama noted, think of all the bank tellers who lost their jobs to ATMs.

The way things are going, computers or people in India will do everything and we won't have to work at all.

Yeah, what a gutless toady Obama turned out to be! But, that falls in the pattern of every other center-left politician who claimed that they would stop Free Trade or protect workers from losing jobs to outsourcing. No one begrudges new technologies, and free trade agreements would not have had the destructive impact on manufacturing if the new locations allowed collective bargaining, and had legislation protecting environment and employees health....but the corporatists created this structure to bring back the good old days that Charles Dickens wrote about.

[bloodyminded]

WIP, I suppose that in addition to forbidding trade with India, you would favour destroying all computers so that we could return to a world of secretaries and bank tellers.

This is the second time in a row today that someone has wilfully misread WIP's opinion; fortunately, the intrepid bloodyminded is here to set everyone straight.


WIP does not suggest "forbidding trade with India." Just as "anti-globalization" activists are not "anti-globalization" at all; the critique is on the methods and parameters, not of trade itself.

August, can I take it from your some of your posts that you "oppose" Canada? After all (and like everyone else) you've had criticisms of it in one way or another.

Edited by bloodyminded, 03 July 2011 - 12:25 PM.

[Jack Weber]

Yeah, what a gutless toady Obama turned out to be! But, that falls in the pattern of every other center-left politician who claimed that they would stop Free Trade or protect workers from losing jobs to outsourcing. No one begrudges new technologies, and free trade agreements would not have had the destructive impact on manufacturing if the new locations allowed collective bargaining, and had legislation protecting environment and employees health....but the corporatists created this structure to bring back the good old days that Charles Dickens wrote about.

You got that right...

And these Goldman Sachs employees are being free marketeered in the system they doubtlessly champion (ed)...

I guess they just are'nt "competative" or "productive" enough?

These global free marketeers will not happy until they have made what's left of the middle class disappear and return things to a sort of European mercantilism but on a global scale..

It's as if they are trying to rebalance things (at least in their minds) they feel were unfairly lost from the post war generation...As if they are getting back at the unworthy ingrates whoi demanded a better economic standing...

The sad thing is that these greedy people never learn from history...This very attitude brought on some very horrible ideas to counterbalance the harshness these global mercantilists advocate for...