Outsourcing

It's about time someone spoke the truth concerning outsourcing. The politicians sure won't. They prefer to do finger-pointing saying it is "his fault". It is those greedy manufacturers who want to make bigger profits by having cheap labor in Asia perform your task for less money.

Did anyone ever tell you that if it wasn't for outsourcing you might not have a job? Did anyone ever tell you that the underwear, shoes, jewelry and hundreds of other items you own would cost much more if it wasn't for outsourcing? Probably not.

Sure, many tasks are being sent overseas. Why? Just because it is cheaper? No, because the manufacturer that item had to do it in order to be able to compete with other companies making a similar product. If your company or any company cannot remain in business then they will cease to exist and you will be out of a job. As a former manufacturer I will tell you it is dog-eat-dog out there and every company is doing its best to maintain sales and profits. The company did not go into business to make products and give you a job; they went into business to make money and if they can't do that they (and you) will be gone.

Profits is not a dirty word. Again if it wasn't for profits you would not have a job. The guy who owns the small business or the thousands of stockholders who own the big companies expect that company to make money or they will sell their shares and you will be gone too.

When you work for someone you want to do everything possible to contribute to their bottom line. Turning of the extra lights, keeping your machine properly maintained, getting a shipment out to a customer even if it means staying a few extra minutes and many other little things that you know better than I.

Until about 1975 we did outsourcing and no one objected to it. The widget manufacturer stopped making screws and bought them from the guy across town or in the next state who made exactly what he wanted and at a price cheaper than he could produce them in his widget factory. Now we buy the screws from China and India at a price that is half or less than those made in the USA. If not each widget might cost dollars more and be enough to lose business to a competitor. If the widget company did not outsource there could be a strong possibility they would go out of business. Outsourcing is not a U.S. phenomenon. It is happening to Canada, Germany, Japan, England, France, Australia and many other countries. Even Mexico is losing jobs to Asia because they can produce the same quality goods and services delivered here for less.

Outsourcing is not only here to stay, but is going to expand as competition becomes even more fierce.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

executive chauffeured services Bradford .. Madison to Airport car
In The News:

Getting virus alerts on your iPhone? Tech expert Kurt “CyberGuy" Knutsson helps you learn how to handle fake scam alerts and boost security.
Tech expert Kurt “CyberGuy" Knutsson says opening emails is safe, but risks arise from interacting with links, attachments or HTML content.
Tech expert Kurt “CyberGuy" Knutsson reveals four signs of compromised Social Security numbers and offers five steps to protect yourself.
Tech expert Kurt “CyberGuy" Knutsson discusses how MAB Robotics' Honey Badger 4.0, a versatile robot, now walks underwater with amphibious skills.
An updated Android trojan called FakeCall hijacks bank calls. Tech expert Kurt “CyberGuy" Knutsson says Android phone manufacturers and Google need to step up their game on security.
The Massimo Modular E9 is a sleek, smart and comfy tiny home in 409 square feet. Tech expert Kurt “CyberGuy" Knutsson takes a closer look at what the future of housing might look like.
Every stock trader should consider a virtual private network to safeguard their trading, according to tech guru Kurt "CyberGuy" Knutsson.
Apple recently announced its new lineup of Macs and rolled out Apple Intelligence, its latest artificial intelligence-powered feature for its products.
A Swiss-engineered robot can climb ladders, showing why it's at the cutting edge of autonomous robotic solutions for harsh industrial settings.
Kurt "CyberGuy" Knutsson presents the cities targeted most by robocalls, why this is happening and what you can do about it to protect your privacy.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents
Kurt "CyberGuy" Knutsson shares tips and suggestions for how to get the best use out of the updated Calendar app available with the latest iOS update.
Your Social Security number, your unique identifier used for many purposes, has likely been leaked on the Dark Web; here are some steps you can take to protect yourself.
Researchers have developed a new technology that creates strong, sticky fibers capable of lifting objects and capturing things from a distance.
Smart rings track the same things that smartwatches do, including steps, sleep and a general overview of your overall health, and they tend have more battery life than smartwatches.
Researchers have developed a robotic finger that can perform routine medical exams like those conducted by doctors, helping to address the growing shortage of trained professionals.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Insurance administrative services company Landmark Admin reported that a data breach from a May cyberattack affected over 800,000 people.
Sotheby's will auction the first artwork created by Ai-Da, the world's first robot artist created in 2019 by British gallerist Aidan Meller.
More than 250 million users of the Verizon Messages app will have to switch to another app. Verizon is shutting down Messages in the next month.
Tech expert Kurt “CyberGuy" Knutsson provides a list of 10 celebrities who are the most targeted by deepfake scams, including Tom Hanks.
Tech expert Kurt “CyberGuy" Knutsson discusses how Vast's Haven-1, launching in 2025, transforms space living with human-centric design.
UnitedHealth confirms over 100 million Change Healthcare users had their data stolen. Kurt “CyberGuy" Knutsson reveals what happened and what caused the breach.
Tech expert Kurt “CyberGuy" Knutsson explains how iOS 18 brings new text formatting and animated effects to the Messages app.
Whether you're a social media veteran or novice, Facebook friend request scams are common. Kurt the CyberGuy provides tips to keep your account safe.

Who Knows?

The Shadow knows. Remember him? It seems a shadow has... Read More

Exchange Traded Funds Primer

Exchange Traded Funds (ETFs) are a group of passive index... Read More

The Secret Method to Selecting a Winning Trading System

Every successful trader has a winning system. There are of... Read More

Investing Basics - Stocks, Mutual Funds, Real Estate & Online Investing

Have you ever thought of investing? Do you have a... Read More

Mutual Fund Honor Roll ? Buy High, Sell Low by Chasing Performance

Buy high and sell low -- It's not a typo.Millions... Read More

A Triple Dipper: How to Make 3 Profits on 1 Stock Trade

This is a rather simple strategy with which I am... Read More

Different Ways of Buying Stocks

Let's say you are interested in this one company. You... Read More

Expense Ratios

Mutual funds and brokers are always preaching not to buy... Read More

Investing in Stocks and The Game of Monopoly

To begin, you might look at playing the stock market... Read More

On Line Stock Trading: Small Cap & Micro Stocks Go Up and Down - How Can You Profit?

Success in small cap & micro cap stock trading like... Read More

Momentum

One of the basic laws of physics states that a... Read More

9 Deadly Trading Mistakes!

The following are a list of nine things you want... Read More

Emotional Involvement

I'll bet with almost anyone that has stocks or mutual... Read More

Can?t Stand The Heat

It seems that every day I turn on the TV... Read More

Stock and Fund Dividends

When is a dividend not a dividend?The latest thing "conservative"... Read More

Structured Settlement; Lawyers in NY and Mutual Funds

Minority Report the movie may not be far off if... Read More

How To Pick A Mutual Fund

Mutual funds by definition are a mixed bag of stocks,... Read More

Investment Lawyers and Trash Stocks

The trash business in its efforts to cook their books... Read More

Stock Market System ... ONLINE STOCK TRADING ... Beyond Day Trading Basics & Tips

Day trading is all about making buy and sell decisions.... Read More

Leverage - Margin Debt

What is leverage?Here is a definition of leverage from an... Read More

Eternal Sunshine

There is a current movie entitled "Eternal Sunshine of the... Read More

Mid-Cap Stocks: Asset Class with an Identity Crisis

Much like the middle child, mid-cap stocks have long struggled... Read More

Hedge Fund Advertising

Have you seen all those big full page ads for... Read More

How Covered Calls Turned a Trader Around

Sidney felt sick as she looked at her latest OptionsXpress... Read More

Understanding the Bulls and the Bears

If you've ever flipped on the television to CNN Financial... Read More

O'Hare Chicago prom limo ..