The depreciating dollar may prove lethal to outsourcing.
From: Ethan Post <post.ethan_at_gmail.com>
Date: Tue, 18 Mar 2008 08:58:40 -0500
Message-ID: <357b48a90803180658q6c388647j28947fccc3b5014@mail.gmail.com>
Date: Tue, 18 Mar 2008 08:58:40 -0500
Message-ID: <357b48a90803180658q6c388647j28947fccc3b5014@mail.gmail.com>
Interesting article on the effects of the dollar's fall on
outsourcing. Would be interesting to hear a few of you who are perhaps
feeling these effects to comment.
http://www.mises.org/story/2883
"The depreciating dollar may prove lethal to outsourcing. Employees hired by US companies based in foreign countries usually convert earned US dollars into their national currencies. A worker based in a country with an appreciating currency will get less money when paid the same amount of dollars."
-- http://www.freelists.org/webpage/oracle-lReceived on Tue Mar 18 2008 - 08:58:40 CDT