http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/ FutureFirm.com Sat, 11 Feb 2012 08:49:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/comment-page-1/#comment-994 yoyodda Sat, 06 Feb 2010 18:42:32 +0000 http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/#comment-994 You know, services are already being outsourced by developed countries due to the obvious cost advantages. Next in line are manufacturing jobs. In short, any country which outsources intelligently has a very bright future. As economists say, resources are limited, so smart countries should invest their resources in sectors of the future such as IT, space, biotechnology, etc. where the main input is human intelligence, where there is maximum value addition and maximum profits (and minimum pollution). Manufacturing on the other hand is not as profitable as it once was compared to the "knowledge" sectors. You know, services are already being outsourced by developed countries due to the obvious cost advantages. Next in line are manufacturing jobs.
In short, any country which outsources intelligently has a very bright future. As economists say, resources are limited, so smart countries should invest their resources in sectors of the future such as IT, space, biotechnology, etc. where the main input is human intelligence, where there is maximum value addition and maximum profits (and minimum pollution).
Manufacturing on the other hand is not as profitable as it once was compared to the “knowledge” sectors.

]]> http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/comment-page-1/#comment-993 a_ece_99 Sat, 06 Feb 2010 13:43:21 +0000 http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/#comment-993 I think the biggest economic problem that the US is going to face in the next 10-20 years is not the fact that we outsourced most of our tech and manufacturing jobs, it is the retirement of the baby boomers which will have a huge impact on deficit. because they will live on average of 80+ years which means 15 years of non-productive life. at the same time the workforce will be much less than what we have now, forcing the government to raise taxes to help pay for all the baby boomers expenses. that will cause a huge decline in the dollar value. I think the biggest economic problem that the US is going to face in the next 10-20 years is not the fact that we outsourced most of our tech and manufacturing jobs, it is the retirement of the baby boomers which will have a huge impact on deficit. because they will live on average of 80+ years which means 15 years of non-productive life. at the same time the workforce will be much less than what we have now, forcing the government to raise taxes to help pay for all the baby boomers expenses. that will cause a huge decline in the dollar value.

]]> http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/comment-page-1/#comment-992 a_dude Thu, 04 Feb 2010 15:35:47 +0000 http://FutureFirm.com/blog/with-outsourcing-of-manufacturing-jobs-what-do-you-think-the-future-holds-for-the-us-economy/#comment-992 More and more Americans will migrate into service jobs of all types and levels. Moving out of the factory and into the office (and typically higher-paid jobs) in my opinion will have a positive effect on the standard of living in America. More and more Americans will migrate into service jobs of all types and levels.
Moving out of the factory and into the office (and typically higher-paid jobs) in my opinion will have a positive effect on the standard of living in America.

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