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Like our consulting brethren the world over, we generally  choose to keep our deep-held beliefs, opinions and judgements hidden far beneath a chameleon smile

[you never know who will be paying your invoice next month]

and so it will remain in this season of political idiocy.

Thanks to our longitudinal multi-variate analysis though, we know that no-read Wednesday appears to be a thing, so we’re going to throw caution to the wind and open the kimono just a tad

[though in a totally non-partisan, non-denominational, non-commital way]

and say this: People in other countries – be they first, second, or third world –  did not steal American jobs, no matter how many candidates might claim they did. Instead:

  1. Companies pursued a more-for-less pricing model for a good chunk of the late-20th century
  2. So people got used to being able to buy cheap stuff
  3. And companies needed to go even cheaper to compete
  4. So executives placed jobs in other countries where labour is relatively cheaper
  5. Which reduced Cost-of-Goods-Sold (COGS) significantly
  6. Which allowed companies to reduce prices slightly, while maintaining high profit margins
  7. Which led to improved profit
  8. Which led to investors buying stock in the companies
  9. Which drove the stock price higher
  10. Which led to happier executives and investors
  11. Who demanded even greater profit
  12. Which led to companies shaving price/profit as slim as possible
  13. Which led to executives looking for even cheaper labour forces
  14. Which led to executives placing even more jobs in other countries

So, against this specific meme, people in other countries didn’t steal American jobs, executives sold those jobs to the lowest bidder, in pursuit of profit.

The impact of this – the good, bad and ugly – is not the concern of this missive – we merely choose to highlight the inaccuracy of the blame/deflection game

Ah well, time to close the kimono and head back to the supersized coffee that came free with a $10 flat-screen TV…

BC