"Absolutely, you're correct, business hires cheap foreign workers for half the money even though they're only 25% as productive, because it's all about dollars and cents."
Nice try.
American business hires foreign workers because, unlike Americans, they don't demand benefits (if they even know what those are. That's 2/3 the cost of an American employee, btw, a huge savings for your company if it does business in a country which has government-supplied health care and pensions, for example), will work like sled dogs for pennies on the dollar (which often represents real wealth in a country with a GDP measured in pebbles, conch shells and non-metallic, shiny objects), don't mind working 80 hour weeks without vacations or sick days because the alternative is begging and slow starvation(usually in a Third-world sh*thole where there's often no one to beg FROM), and where they often don't have any RIGHTS whatsoever, and especially no legal protections for workers, safety regulations, child-labor laws, building codes or enviornmental laws that need to be complied with.
Oh, and their governments are often so friggin' grateful for any investment at all that they can be bribed (i.e. campaign contribution, check to a certain "Charity" or "Foundation" sponsored by the politician)and bought just as easily as any American politician, and often, for far less. Even the bribery is a matter of cash.
And even if they are 75% less productive (meaning you need more of them to do the same job) they're still 75% CHEAPER than an American worker; meaning that particular formula, at least, is a wash. And because you don't need to pay for benefits, pensions, social security taxes, and lost productivity due to sickness, national holidays, vacations, medical or maternity leave, and a whole host of other perqs, it's still an attractive bottom-line option.
Really, you should try to learn something before you continue to post such nonsense. It really is all about cash, Dude.
You could right a good magazine-length essay on your life at SB and why you left. I've never heard such harsh criticism of the Wall Street corporate culture and the individuals working in the higher strata. You should use a pen name
Absolutely. That's why there are no more American jobs. That's why Namibia is now the economic powerhouse of the world.
It really is all about cash, Dude.
Yes, you've certainly proved that.