The advantages of going virtual for companies are obvious. One
of the greatest of these, yet one that’s often overlooked, is the ability to
select employees without geographical limitations or relocation costs. This
also carries cost-of-living possibilities even within national borders, as, for
example, the price of an editor outside of New York City is rather lower than
the price [...]

One of our readers left an interesting comment regarding the medical profession and its desire to seek profits for its members. I quote from his comment:
The nature of the AMA, a protected and virtually untouchable union, certainly believes in maximizing its members’ profits. It clearly restricts the supply (as all unions do) in face of [...]

Tries to understand the long term economic consequences of outsourcing

By the time November rolls around, Americans will have heard more economic numbers crunched in more creative ways than anyone ever would have imagined possible. That’s the mathematical formula for recreating any candidate in the image of a populist hero: numbers and more numbers. Bury ‘em in numbers, and if they start asking questions, well, [...]

Even in our modern world, sweatshops remain a horrifying reality, with hundreds of thousands of the world’s poor and defenseless people exploited by wealthy factory owners and greedy supervisors. Their jobs, perhaps better termed slavery, involve back-breaking hours in pitiful conditions, sometimes using toxic chemicals without adequate ventilation or protective gloves or goggles, for pennies [...]

Often laws are passed to prevent or contain the undesirable effects of an economic activity. But sometimes the laws are more motivated by political considerations than economic benefits. The perfect example of this is outsourcing laws. The U.S. introduced outsourcing laws in 2005 in most of its 50 states in order to check the growing [...]

We’ve all heard it, and many of us have grown up with it:
“The customer is always right!”
Today, with telecommunications corporations, banking and financial corporations, insurance companies, newspaper companies, and companies we don’t even understand gobbling each other up at a rate that makes Pac-Man look like a child’s game (oh, wait – Pac-Man is a [...]