Friday, April 07, 2017

Profit Is Our Most Important Product

Today's Uncle John's Bathroom Reader Almanac page-a-day calendar tells that in 1989, GE chairman Jack Welch went to Bangalore, India to meet a delegation of business executives and India's prime minister Rajiv Ganhi.  They discussed GE  buying India software.  Welch was more interested in India's cheap labor force.  In one year GE shifted some of its labor force, the phone-based customer service to Bangalore.  Other American companies followed, which caused thousands of Americans to lose their jobs to a new word, "Outsourcing".

Shame on  General Electric and the companies that followed.


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