Quote:
Originally Posted by Paul Markham
I was chatting with a neighbor today. She and her husband were living in the UK. He's a high-skilled mechanical engineer working in design and R & D. They were living in the UK where the company had the main manufacturing plant.
It was moved to Czech and they came with it. Then the manufacturing plant was moved China. Now she hears design and R & D are going to be done in China and they're not looking for many Europeans to move there.
|
with ever decreasing profit margins businesses will be forced to do this more and more...
basic principles in economy:
https://en.wikipedia.org/wiki/Pareto_efficiency
Pareto efficiency, or Pareto optimality, is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.