R&D Shifted to low-Cost Countries, Hidden in Corporate Research Budgets
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Uploaded by economyincrisis on Mar 28, 2009
In the latter half of the 20th Century and thus far into the 21st Century, America has witnessed millions of blue and white-collar jobs outsourced to low-wage Third World Countries. As jobs are outsourced America loses billions in revenues and tax dollars while wages are transferred elsewhere. The remedy to the problem has always been innovation. However, now it appears that much of this innovation is being offshored as well.
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If every industry does this, these corporations will have no American consumers left to purchase their products.
Guess these geniuses hadn't thought of that?
vrj40 2 weeks ago
Think about it....
Don't have to worry about benifits or 401k's in another country....
So they do this, to save cost and add profit....
AfricanAnime 2 years ago