A Comment About

The Incredible Shrinking Dollar

March 24, 2008 - 12:30 am - by John Tamny
Sam
2008-03-25 15:46:04

It seems to me that a “global economy” requires a global standard of living and this is where we are headed.

As a computer programmer who lives in constant fear of losing my job to cheaper foreign labor, this is probably the best outcome that I can hope for (not that it’s good, just the best that I can hope for). The higher cost of labor in India (in dollars) along with the already high cost of managing outsourcing relationships will make me more competitive.

I won’t be able to afford consumer goods from Walmart anymore because they are all made in China, but at least I won’t have to work there.