[sixmil]

Corporations are conspiring to lower wages across the board. In the short term this is a good strategy, but in the long term, how are they going to be able to charge higher or even current prices for their products? Long term I think they lose business. Sad they want to relearn a lesson that was learned long ago.

[searchandrecovery]

...in the long term, how are they going to be able to charge higher or even current prices for their products? Long term I think they lose business.

I didn't say it wasn't suicidal. I actually don't know (surprise), and I don't think any economist knows for sure how this will turn out overall. This outsourcing of office and professional jobs is so new and such a big change, I don't think anyone has a handle or clue about it's effect 5-10 years down the road. Maybe the old models don't apply.

My own personal plan at this point it to be aware of the bad possibilities at the macro level, and to make career plans appropriately (fear globally, plan personally). Beware job interviews where you feel you have to suck up. Empower oneself by taking responsibility. No, this is not an ad for Tony Robbins motivation tapes.

[CrucifiedTruth]

Corporations are conspiring to lower wages across the board. In the short term this is a good strategy, but in the long term, how are they going to be able to charge higher or even current prices for their products?

You are mistaken. The multinationals don't want only money, they want the power too. They don't care about themselves being rich, they care about you being poor and powerless. Ponder this for a while, it means a lot.