Friday, February 04, 2005

Exporting White Collar Jobs - earlier post

"Exporting White Collar Jobs"

I added this so that people could see the article. thank you for drawing my attention. Aggressively I have promoted and supported the keeping of our Constitution and committing to our rule of law embodied in it. As a result, I have maintained publicly aspect of our Constitution which in statutes uses against all imported goods and services the practice of duties, tariffs, and excise taxes.
The Founding Fathers who wrote our Constitution also signed the Declaration of Indpendence and believed in the themes of the Enlightenment, and practiced these here in the US. The use of duties, etc against imported goods and services means we were committing to the engagement of each other's efforts and contributions of their goods and services in our society. If the 'wealthy ' wanted to pay more due to the duty on the import, they had the ability, but at least we were developing each other and meanwhile developing the wealth of each other and of our society, ALL OF THIS BY THE COMMITTMENT OF RULE OF LAW TO US, AND TO EACH OTHER. We bought property, houses, invested, saved, educated our children, ourselves. the liberty to continue to access this ability and the econonmy behind it however erodes under the following circumstances.

Done on the backs of the middle class and those of what one might also say the 'underclasses' - 'Free trade' and one could include 'tax relief' and the current Administration's interest's for its cronies for 'economic stimulus' as it were, practiced by colonist societies (and one could add corporate welfare societies of various sorts) whose wealthy had reserves of commodities and resources outside of their domestic societies, and as a result wanted to be able to import those goods (and services) into the domestic regions without being taxed, tariffed on them, and for the people under the tariff/duty scenario, might avoid buying those imported goods/services and depending on the influence those 'wealthy' in those colonist societies had on their governmental leaders, be it King, Parliment, or unfortunately now in the States, on the Executive Branch and sadly on Congress, things and related matters of 'trade'/commerce, etc dissintegrate to this as described.

One in analyzing the European societies that practiced colonialism, but in general considered the 'old world' sees practiced strong social contracts in 'class' and 'social' stratification not known or seen similarly here in the States, but sadly existing more here over the years. The people in the old world were and to a degree today are treated poorly by the upper strata in those societies, and when one understands the development of the 'welfare state' this can only exist with the favor of the wealthy and upper classes which have power with the governemntal bodies. Some demonstration of social along with financial committement to society, such as universal health care and/or retirement exists and at great expense under their tax scenarios; such actually disserves not only those in all levels of societies, it makes their companies more unbalanced with the levels of taxes they have to pay to support their welfare states, and resent in 'global' market place not having more for their managements, and higher profits to draw 'money-minded' and 'mercenary' investors.

So elaborate and carefully crafted arguements, etc management produces to the investment community to appeal to their 'wallets' to buy shares in those companies, while management is practicing its own economies by siting in cheap labor regions, passing some of the gains through the income statement to the pretax profit line, while pocketing the rest in what ever way they can. Salaries are above the taxline, and so this is the part of the Bush administration's interest for itself and its cronies' pressure on our Congress for tax cuts, and pressure on our institutional investors to be patient for profits being cultivated in cheap/slave labor inclines costly to establish however in other ways to themselves, and those expenses too are above the tax line , thus increasing pretax expenses and reducing profits. I ONLY SUPPORT AND REMAIN PATIENT FOR PARADIGM CHANGING RESEARCH AND DEVELOPMENT at this point. ANY CORPORATION PRACTICING SITING AND PRODUCTION/GOODS/SERVICES IN CHEAPER INCLINES, I REJECT AS AN INVESTMENT due to the social upheaval and disuse/decay of our most valuable natural resource, our own people and our brain trust and its development at present and for the future.

At first, with the fascists and their influence - these hated and continue to hate the unions, because the fascist types read 'communism' into unions, and resented sharing any wealth with the 'little people', especially those who had the guts to stand up to management which orginally in the societies that at one point were the owners who didnt want to share, except what they wanted to or had to share to keep competitive, and over the last 50 or so years have had most recent influence on our management practices in the US - initially sited in the US in non union regions such as the south and West. US management in turn are now generally responsible for the mercenary and 'globalist' interests of corporations mostly owned by American institutions, endowments, and foundations.

These globalist managements pay/say EXTRAORDINARY sentiments and notions about developing regions and peoples outside of the US and one could include the rest of the European/British 'Western societies', including Australia, New Zealand, And Canada. Notwithstanding the complete financial meltdown it means to the laid- off ordinary voter/ employee, and in time erosion of society due to violation of RULE OF LAW, then similarly reflected in the grand scale commercial meltdown and financial/economic disease is today where we are, with promise to get worse if people don't start to vigorously oppose free trade and this bogus 'economic stimulus' package, as well as the corrupt expenditures of this administration.

WE must! WAKE UP AND SEE THE FRAUD, HOWEVER SENTIMENTAL AND EMOTIONAL MANAGEMENT MAY PAINT IT, but it is complete and utter drivel, incredibly self-serving and only profitable as long as the Voters/taxpayers continue stay brainwashed, think that management and the 'think tanks' know best and continue to think in that dumbed down, little people mentality - generally alien to early post (American) Revolution society - now sadly which seems to support, and swallow the lies of 'free trade' now maintained by not only management, but also by the 'think tanks' and sadly now our Elected officials who are violating our Constitution and in turn, the public trust by engaging not only the corruption of partnering with the corrupt, and anti-Republic interests of management, but also with those who have power behind it and are looking to have more power and control over society - relying on these for campaign contributions.

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Business - Investor's Business Daily Thu May 1,10:15 AM ET
U.S. Financial Firms Bank On Shipping Much Office Work OverseasBy Doug Tsuruoka Tough times are driving U.S. financial services companies to have more office work done overseas. So says Andrea Bierce, a director at consultant A.T. Kearney Inc., a unit of Electronic Data SystemsCorp.

Bierce says banks, brokerages and insurance firms find it's cheaper to have back-office work like accounting and employee benefits done in nations like India and Brazil, where wages are lower than in the U.S.

Tech-savvy workers in such areas process, check, calculate and enter data. They send the data back to the U.S. home office via the Net.

Some firms also are shifting call centers to countries with English-speaking populations, like Canada, Ireland and India.

Sometimes U.S. financial firms open their own offices abroad. Other times, they farm out the work to an outside vendor, an approach called offshore business processing outsourcing.

"Financial companies say they're saving up to 50% on their data processing costs by going offshore," Bierce said.

Also pushing the trend is the availability of faster Internet connections and lower telecom costs in these countries the last few years. Bierce recently spoke with IBD about the trend.

IBD: Are lower costs the only reason U.S. financial firms are shifting office work overseas?

Bierce: No. A recent survey by A.T. Kearney showed 93% of respondents said it was to reduce costs. But 64% said it was to increase productivity. And 42% said it was to enhance service quality.

IBD: How big a role has the Internet played in getting U.S. financial firms to use offshore business processing?

Bierce: Increased Internet load capacity and other improvements in digital technology have made all the difference.

IBD: What types of work are being farmed out to offshore firms?

Bierce: Until recently, many offshore relocations were limited to data entry and transaction processing. But more players are moving a wider range of functions overseas. They include call centers, human resources, benefits management, finance and accounting, operations support and customer service.

IBD: Can you give some examples?

Bierce: Sure. General Electric has 5,000 workers in five locations in India. They started basing some of their back-office work in India in 1997. They plan to have 20,000 people working in the country by the end of 2003.


(Insurance company) AIG has offshore activities in the Philippines, Ireland and China.

IBD: What other U.S. financial services are part of this trend?
Bierce: American Express and Citibank are doing finance and accounting. J.P. Morgan Chase and HSBC are doing operations support and analytics overseas.

IBD: How much money are they saving?

Bierce: GE says for every dollar they spend, they save a dollar.

IBD: Aren't labor costs rising in countries like India? Won't this drive up costs for offshore business processing?

Bierce: A recent A.T. Kearney study shows labor costs to run a call center in India have increased 11.5% in the last three years. Total compensation for a software project manager has increased by 8.7% in the same period. However, when you offset that with reduced telecom costs and the fact that salaries for Indian labor are still so low, moving offshore is still an outstanding opportunity.

IBD: How far have telecom costs declined in some countries?

Bierce: Our research shows telecom costs have decreased by 30% in India the last three years. This is because of supply and competition in telecom services, market liberalization and privatization efforts.

IBD: Are U.S. financial firms worried their intellectual property and data security could be compromised by relocating some functions to nations like China?

Bierce: The privacy and intellectual property issues are two of the biggest deterrents for companies looking at China. But there are ways to offset the risk.
We know of a (foreign) insurer that does some of its offshore processing in China. This insurer offers policies to U.S. companies coming into China that protect them against infringement of intellectual property and breach of customer privacy. These policies help others mitigate the risks.

IBD: Has the war with Iraq (news - web sites) and 9-11 caused some companies to think twice about shifting office work overseas?

Bierce: The war in Iraq has slowed some of this activity. So has the outbreak of
SARS (news - web sites) (the severe acute respiratory syndrome virus) in Asia. But offshoring isn't a short-term strategy. It's a long-term strategy to fit a company's global business model and business strategy.

IBD: Can technology make it safer for a company to move some office functions overseas?

Bierce: Yes. Disaster recovery and business continuity planning is a big help

----- Original Message ----- From: To: rumormillnews@yahoogroups.comSent: 5/2/2003 11:01:08 PM Subject: [RMN2] lets see how fast we get support now!!!
http://story.news.yahoo.com/news?tmpl=story&cid=1471&ncid=1471&e=3&u=/ibd/20030501/bs_ibd_ibd/2003_5_1_tech01so you white collar were laughing or just thought to bad for blue ...lets see how fast shit fly now.....your turn


Andrea Psorasandreapsoras@earthlink.net

12 Comments:

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