[goostavos]

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?

[marknutter]

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.

[indiecore]

>what's to stop a race to the bottom?

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

[marknutter]

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.