Hacker News new | ask | show | jobs
by Soarez 4954 days ago
If an Entrepreneur can't pay for the resources needed to build/ensure a product/service at their market prices, he should and eventually will, close business.

There is nothing wrong with that. That is the economical system in the works.

If no one is willing to pay for his product/service at the price he needs to charge, it is because either people do not need it, or they can get it cheaper somewhere else. In business, if you can't compete, you shouldn't.

In this specific case, these jobs are getting oursourced to china or replaced by machines. This is wonderful. Not for infimal number of people that lose their jobs, but to the huge number of people who will be able to afford that product/service cheaper.

I can't set up an ice-cream kiosk in antartica and whine about how business is hard and what will be of the antartica ice-cream industry.
1 comments
goostavos 4953 days ago
What does that mean for us though, the "skilled workers" when everything is being shipped overseas? A friend of mine who works as a systems engineer for Verizon said their dumping 30% of their US staff and shipping it to overseas. This seems to be the pattern (anecdotally) as of late for a lot of large companies. When there's someone with comparable skills on the other side of the world who will do your job for a fraction of the cost, what's to stop a race to the bottom?
link
marknutter 4953 days ago
It means the rest of the world will start to enjoy some of the success and luxuries we've had for the last 50 years while our standard of living will decline slightly. Doesn't seem like such a bad outcome to me.
link
indiecore 4953 days ago
>what's to stop a race to the bottom?

Absolutely nothing, welcome to one of the big problems of capitalism.

link
marknutter 4953 days ago
The "race to the bottom" benefits the consumer, don't forget. We will make less money in wages, but we will also have access to far cheaper goods and services because of increased productivity globally. It's not a big problem of capitalism that people in third world countries can pull themselves out of poverty, it's one of its great triumphs.
link