bplanGURU
Monday, July 05, 2004
The Micro-Multinational
Wired has a short essay on micro-multinationals- start-ups that have offshore workers.
The essay makes a point re: off-shoring that I think gets missed in a lot of the gloom and doom articles on the topic- that is, offshoring allows a company to spend resources, labor and capital, in the most efficient manner possible- and while this can have some real short-term, and painful, consequences for displaced workers, the net effect can be a gain in employment.
From the essay, "Outsourcing is change. As ever, change will be harrowing for a few; there will be "dislocations," to use the jargon of labor economists. Some people will be too old, too inflexible, or otherwise unable to find new work. But most Americans can relax. Cheap overseas labor means more jobs in the US, not fewer. And working for a company that's both global and small might just be the best of both worlds."
Wired 12.07: VIEW
