|
Edited on Wed Feb-25-04 02:18 PM by shivaji
We simply can not outlaw outsourcing of office jobs. Because it is then unfair to import products such as cars, electronic products, clothing etc. since that also exports jobs. If we cut-off foreign trade, the economy will be badly hurt. That is because we also employ millions of people in the export area.
Actually there is a more effective way to have our cake and eat it too. This method not only will help restrain outsourcing, it will increase prosperity, increase middle and lower class incomes, increase health benefits, make corporations more competetive, reduce corporate fraud, make products cheaper for consumers, give all the workers a fair wage, and many more benefits too long to list here.
No, I am not advocating snake oil! It is actually a very simple concept and very easy to legislate and police it's compliance by corporations. I just don't understand why it has not been tried before. Basically, we need to pass a law which restricts the maximum total compensation to minimum compensation ratio to some reasonable figure. I would recommend 50, but will go along with as high as 100 but no more.
This will reduce outsourcing because then the CEO's will need to take a big paycut if they can't earn more than 50 times what they pay a worker in India.
Middle & lower rung workers will benefit because with the CEO & other big executives unable to loot the corprate treasury, more dollars will be available for others. That means more dollars for these people to buy more benefits such as healthcare.
Less cash stolen by CEO types means products can be priced cheaper. Also, more dollars to hire extra workers. On and on.
Ofcourse the CEO's will fight like crazy. But they are a distinct minority. And last time I checked this is still a voting democratic republic. I have personally worked in position ranging from a drafter, to corporate manager of engineering and computerized manufacturing. And I have never EVER seen the need to pay anyone more than a million dollars a year to attract skilled CEO's. A million is 50 times $20,000 which should be the minimum fair wage in a corporation which can afford to pay one mil to the CEO.
|