Shortsighted corporations off-shoring
Not only are individual Americans not prepared to compete globally (see last post), corporations who are off-shoring are also ill-prepared for globalization. This article exposes the short term thinking of corporations engaged in off-shoring. All off-shoring accomplishes is lower short term labor costs (and increase profit for the next X quarters), but does nothing in terms of strategy and future positioning. In fact, off-shoring may be the wrong strategic move. American corporations are essentially training a foreign workforce that, in a few years, will attain the required skills to compete against them. But corporations have become infamous for their short term drive to meet Wall Street numbers, so I wouldn’t expect any change in their “strategy”. So what can we, not being corporate drones, do to put ourselves in a position to take advantage of corporate non-action in this area? I don’t have the answers, but hoping someone smarter than me does.
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- Carla Blazek, free from 9 to 5
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