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Quotation of the Day for June 15, 2012"In the meantime, the American manufacturing sector continues to become less labor-intensive. Despite the quintupling of its output since 1960, manufacturing has shed roughly three million jobs. In fact, multinational companies have found they can distribute the various parts of their operations in the countries that suit them best: manufacturing in countries with copious cheap labor, customer service in countries with low-wage English speakers, back office in countries with an underpaid but educated professional class, and headquarters in a tax haven. This trend will continue, and the question will echo again from the point of view of the American worker: what will I do to make a living ten, twenty, or thirty years from now?" - Daniel Altman, Outrageous Fortunes, Times Books, 2011. Submitted by: Lynn Kisilenko Jun. 7, 2012  |
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