RE DEGREES AND DOLLARS KRUGMAN NYT EDITORIAL SEE ALSO UNIONS FLATLY WRONG

Re this is what I have been saying for about 25 years now, if you can offshore service jobs, after having offshored manufacturing jobs, who needs high dollar cost graduates, of anything, from developed countries, when low dollar ones from developing ones will be cheaper? 


Thus, the US and other MNCs have been growing their 'markets', they have thought, quite knowingly, at the expense of advanced populations, and their children, and their childrens' children, and so on to infinity.  


But there is perhaps a limit beyond which they cannot go. 


The limit is that short term profitability is not the only criterion for such decisions, in the long run; 


and by long run, I am not referring to Keynes' famous dictum, 


but something quite other.


See also my prior posts :

RE WISCONSIN POWER PLAY KRUGMAN NYT EDITORIAL UNIONS RIGHT BUT ALSO FLATLY WRONG