|
Title: Video Games outsourced (slashdot article) Post by: dna on 2004-03-22, 16:13 http://games.slashdot.org/games/04/03/21/2...6&tid=98&tid=99 (http://games.slashdot.org/games/04/03/21/2358226.shtml?tid=127&tid=186&tid=98&tid=99)
Title: Re: Video Games outsourced Post by: Phoenix on 2004-03-22, 19:32 It doesn't surprise me. It's just like everything else. Let's face it, they can sell more $35 video games than $50 ones. The problem with this mentality though is while you can do things cheaper by shipping a job overseas eventually you won't have anyone left with enough money to buy your products back home. Profitability will increase and the stock market will go up for a time, but more and more people will be unemployed and personal debt will soar for those who are not since their wages will never keep up with inflation which will inevitably come back. Greenspan can't live forever, and nobody can control the inflation which will skyrocket overseas, driving up cost, once the "cheap" part of the labor supply begins to diminish. As their countries continue to industrialize their cost of living will go up so the workers will begin demanding more pay, and the inflation spiral will begin.
Eventually two things will happen - you'll run out of exploitable cheap labor, and people in the "old rich" countries will default on their debts and go bankrupt. Oh not all at once, and not instantly to be sure, but it will eventually grind the economic machine to a halt. Once the bubble bursts it won't be pretty, but this absurd rate of economic growth can't be maintained forever. In the mean time enjoy the cheaper games I suppose. :mellow: Title: Re: Video Games outsourced Post by: dev/null on 2004-03-22, 19:41 [sarcasm] Ah, the beauty of Capitalism... [/sarcasm]
Title: Re: Video Games outsourced Post by: dna on 2004-03-22, 19:54 Quote from: Phoenix but this absurd rate of economic growth can't be maintained forever. ?? Absurd growth rate? Where??? I want some of that!Title: Re: Video Games outsourced Post by: Phoenix on 2004-03-22, 20:20 Why, are you short? ;)
What I mean is the stock market going from 2,000 to 10,000 in less than a decade during the 80's - 90's, if I remember the numbers correctly, before it "corrected" itself once all the corporations that were cooking their books during the 90's got caught. Title: Re: Video Games outsourced Post by: Devlar on 2004-03-22, 23:50 The GDP keeps increasing in the US because people have less money in savings which essencially pumps up the economy. Granted there hasn't been that much growth overall. Its been pretty weak really but higher than expected due to the rise in oil prices and that whole "iraq" thing. Any first year economics student can tell you that growth without jobs is not sustainable. By exporting the jobs overseas capitalists believe they can create secondary support positions here, obviously that has not happened. Corporate earnings are relatively high (with the exception of certain industries, but I mean generally) but those corporations are not making new jobs because they think they can sustain their largER profit margins for the time being. The thing is eventually people who can afford their products will run out of money, and no longer buy their products, at which point they either start creating new jobs or they cash out.
Globalization is destablizing, its fun to watch, not fun to live |