Originally posted by: jbourne77
Originally posted by: Xavier434
Allowing industry to go overseas too much without regulation can be equally as dangerous though...just in a different way. This is yet another difficult equation that requires a delicate balance that must constantly be analyzed so that proper small adjustments can be made on a regular basis. It is anything but easy, but as it stands I believe we have let far too many jobs go overseas.
It is mending itself very slowly on its own in some cases. For example, it is starting to cost a lot more money to purchase software development and tech support over in India and China because they have realized that many companies over here in America have developed business plans which rely heavily on the foreign labor. That transformed them from a cheap alternative into a necessary alternative. They are now in demand. So what is happening as a result? Well, they are asking for more money and a lot of it. They know what software developers and tech support employees over here in America make and they are starting to ask for similar wages.
Now, that is great and wonderful news but it is simply not the case in many other industries and it most certainly is not changing anywhere near as fast as we currently need it to change. I believe that the government should carefully develop progressive plans to bring results faster. I also believe that Obama has some good ideas to make this happen which I provided some details about in previous posts.
This is actually why I think the gov't shouldn't interfere. As overseas companies raise their prices, the jobs will naturally return to the US as the economy continues to strive for efficiency. No bureaucracy can react quickly and efficiently to everchanging market conditions. If they jobs go overseas naturally (meaning, don't provide actual incentives to move them overseas), let them. When China and India jack up prices, let them come back (and they are as we speak).
I partially agree with you. I think that what we do should be case specific rather than universal. It does not always have to be direct regulation either although in some cases that may be for the best at least temporarily. My final paragraph in that post pretty much explains why. I think that with the right people running the show we can both walk and chew bubble gum at the same time.
Obama leans much towards providing incentives through government investment rather than regulation on this one. I agree with him.
