At least, I don’t see any indication that reducing or eliminating offshoring is the strategy. I’m open to pleasant surprises, but I’m expecting the worst.
32 replies (most recent on top)
https://www.youtube.com/watch?v=tDa6gLkkRtI
https://www.thedailybeast.com/trump-dramatically-changed-his-tune-after-ceos-delivered-a-terrifying-warning/
https://www.youtube.com/shorts/craJNfT5wJw
@27w+1jr6h1asw
This is race-baiting trash. The "Asians (3 Chinese and 1 Korean) winning gold for US" are probably second or third generation children of immigrants who fled China or Korea to pursue a better life here. And now they're American. We win.
She is anti-CCP. So am I. So are the good people in China.
More American youths need to study STEM.
https://cen.acs.org/education/k-12-education/US-team-makes-history-IChO/95/web/2017/07
https://en.wikipedia.org/wiki/International_Chemistry_Olympiad
Rank Country Gold in Last 10 contests (2014-2023)
1 China 35(2+4+4+3+4+3+3+4+4+4)
2 Taiwan 28(2+4+3+4+1+2+2+3+4+3)
3 Vietnam 25(2+1+2+3+1+2+4+3+4+3)
4 USA 23(1+1+1+4+4+3+4+2+1+2)
5 South Korea 22(1+4+3+2+3+4+2+1+2+1)
https://en.wikipedia.org/wiki/International_Mathematical_Olympiad
The following nations have achieved the highest team score in the respective competition:
China, 24 times: in 1989, 1990, 1992, 1993, 1995, 1997, 1999 (joint), 2000, 2001, 2002, 2004, 2005, 2006, 2008, 2009, 2010, 2011, 2013, 2014, 2019 (joint), 2020, 2021, 2022, 2023;
Russia (including Soviet Union), 16 times: in 1963, 1964, 1965, 1966, 1967, 1972, 1973, 1974, 1976, 1979, 1984, 1986 (joint), 1988, 1991, 1999 (joint), 2007;
United States, 9 times: in 1977, 1981, 1986 (joint), 1994, 2015, 2016, 2018, 2019 (joint), 2024;
Hungary, 6 times: in 1961, 1962, 1969, 1970, 1971, 1975;
Romania, 5 times: in 1959, 1978, 1985, 1987, 1996;
West Germany, twice: in 1982 and 1983;
South Korea, twice: in 2012 and 2017;
Bulgaria, once: in 2003;
Iran, once: in 1998;
East Germany, once: in 1968.
The following nations have achieved an all-members-gold IMO with a full team:
China, 15 times: in 1992, 1993, 1997, 2000, 2001, 2002, 2004, 2006, 2009, 2010, 2011, 2019, 2021, 2022 and 2023.
United States, 4 times: in 1994, 2011, 2016, and 2019.
South Korea, 3 times: in 2012, 2017, and 2019.
Russia, twice: in 2002 and 2008.
Bulgaria, once: in 2003.
Formidable.
https://www.youtube.com/watch?v=lLA0dMS--0U
Get popcorn and watch multiple rounds to come...
https://www.youtube.com/shorts/IWgmdrv3xkQ
@24m+1jr6h1asw
That girl's channel is full of anti-China propaganda and hatred.
China using drones to fight fires
https://www.youtube.com/watch?v=11enxgxsanU
https://www.youtube.com/shorts/IYYvLM0K0zE
China firefighter training
https://www.youtube.com/watch?v=1nyf0dPb6k0
What Gordon Lightfoot & The Edmund Fitzgerald Can Teach You About Tariffs and Trade Policy
https://www.youtube.com/watch?v=tqhv7dqqlNk
@247+1jr6h1asw
"Chinese factories build fire trucks for $400,000 in six weeks"
Just because they build them does not mean that they are operational.
https://www.youtube.com/watch?v=rsWqOpE5CCo
How crazy is this...
Chinese factories build fire trucks for $400,000 in six weeks. In the US it's $2 million in 4 years. https://www.youtube.com/watch?v=78nZ-JJNmzQ
7 Truths About U.S. Manufacturing Decline
https://www.youtube.com/watch?v=HuOhxCy-GFg
Will this work or not?
https://www.youtube.com/shorts/kac-ffy0zkE
@209+1jr6h1asw
MSM derangement syndrome.
https://www.youtube.com/shorts/0-BFAhQkcAU
@209+1jr6h1asw Ad hominem attacks are unworthy. Make a rational argument.
The definition of insanity is to expect anything remotely fair and balanced from CNBC or MSN.
And who do you think is watching CNBC and would respond to their survey? Again, a biased result.
Outsourcing won't come back and manufacturing won't come back either.
" Up to 81% of CNBC’s survey respondents stated that they would depend on automation rather than hiring people. Automation company Formic stated that customers increased their reliance on robots by 17% between January and February of this year. Manufacturing jobs will not come back because automation, robotics, and artificial intelligence provide a cost-effective alternative. "
https://www.msn.com/en-us/money/markets/trump-thinks-tariffs-will-revive-us-manufacturing-but-economists-disagree/ar-AA1DbkLe?ocid=winp2fptaskbar&cvid=bccd3c33406d48e598879a4e34a2f88d&ei=23
https://www.youtube.com/watch?v=dlrAzENPNRw
https://www.youtube.com/shorts/4joTZ3gqR1I
Anyone interested in these jobs coming to America?
https://www.youtube.com/shorts/AcbJ7utCrqA
Yes, that’s why so many older SAS folks don’t leave. They don’t have enough time left to acquire new skills.
But younger SAS folks can use the time between now and the sale/IPO to acquire new skills. They can learn specialized skills that aren’t easy to outsource, that not every AI can do.
It’s critical to use this time wisely. Covid accelerated outsourcing. But the next recession will accelerate both outsourcing and AI.
It appears that most job skills that folks at SAS have can be outsourced or AI-ed away.
Most institutions, and most people, resist change. So before Covid, there was great resistance to remote work.
Then Covid taught most CEOs that remote work works. It’s not only effective; it reduces costs.
If I had the money, I could hire 1,000 overseas software developers tomorrow. Literally, it would take one phone call. Same if I wanted 1,000 tech support folks. Or 1,000 marketing professionals. There are that many educated, motivated people available.
I like to think American professionals are somewhat better. I truly believe that we are.
But nobody cares. No CEO, no Board of Directors cares, because overseas folks work for 1/3 the price of American folks.
Tariffs may bring certain jobs back, but not many. As long as labor costs are so much cheaper, that will drive the decision.
Understand your situation, and acquire skills that can’t easily be outsourced. That's the game now, for everyone.
Why tariffs won't bring manufacturing back to America
https://www.youtube.com/shorts/SQt0aPei9BY
It takes years and many billions of dollars to bring manufacturing back to U.S.
https://www.youtube.com/watch?v=RMzPjXsdPw0
Even if they bring some of the factories back, they will use mostly robots because the factories will be automated as much as possible.
https://www.msn.com/en-us/money/companies/trump-official-admits-us-workers-won-t-get-jobs-in-new-factories-spurred-by-tariff-strategy/ar-AA1CoZsC?ocid=winp2fptaskbar&cvid=d39f2e0af0f042dad2a3a792723bbbf6&ei=21
We can't bring all the jobs back. The labor in the US is too expensive and companies don't want to pay the high salaries for all US workers. Cost of living in the US is very high so the salaries need to be high. Companies will go where the labor is cheap, especially Asia and Africa because the cost of living there is low so a lot of people don't mind getting $300 a month working in American sweatshop factories so that Americans can get imported inexpensive clothing and shoes, among other things. If garments or shoes are made in the US, be prepared to pay 10x more. Rich Americans can afford any price but working middle class and poorer Americans cannot afford to pay high prices for consumer goods.
Also, the US does not produce enough engineers so companies hire foreign engineers to supplement the high demand and pay them much less so the companies win by profiting more but working Americans lose.
Bring the jobs back, all the good jobs, we are the best country, it is time to tax outsourcing as if it were manufacturing with tariffs!
In IT all new jobs are opening in India first, except maybe the security team jobs.
No, outsourcing will not stop. It has become industry-wide, and hard times accelerate it.
One defense is to acquire a specialty that is uncommon overseas. It's dangerous to be a generic worker when those overseas work for 1/3 of your salary.
Another defense is to work for a company so profitable that they don't need to outsource -- like SAS used to be.