Is the American middle class in jeopardy because modern communications technology enables U.S. firms to use workers in India for tasks such as call-center staffing and software development? Pundits appear to be divided on this issue. I recommend this article because it is wrong. As someone eloquently stated in the threads attached to it, equilibrium conditions are states you reach in physical systems only when things stop changing, which only happens in idealistic models. Understanding whats wrong with this picture and you understand why you can't rely on the "everything is going to be fine in the long run" arguements from arm chair free market economists. The long run they are talking about could take generations... This article also links to a number of articles that this author disagrees with. The enemy of my enemy? Taking Advantage |