The job of business is to earn profits so as to create a return on investment for owners/sha
reholders. Exeutives/
managers who do not earn profits are replaced.
Jobs left the U.S. because of the cost of labor being cheaper in many/all other countries. I wonder myself when business will recognize the economic security of sourcing jobs in America, when government and business cooperate to build programs to educate and provide skills training that keeps those jobs here, when the realizatio
n that logistics costs-tran
sportation
, the time value of money, of supplier/u
ser cooperatio
n -is beginning a return to American leadership
, or will do so given supportive regulation and management
. It seems to me that the key is the continuing evolution of manufactur
ing anf process automation to increase productivi
ty by reducing the units of labor required, thereby offsetting the "cheap" labor of others, and when combined with the inexorable increases in logistics costs.
Read the Article at HuffingtonPost
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