Nick Simha's Blog

What does globalization mean at an individual level - I am a believer in the power of globalization i.e. it will enrich more lives and creates more jobs then it replaces. However, at an individual level many will be negatively impacted. This will come about as many of the jobs will be outsourced and offshored. If you were to imagine the same order of magnitude of outsourcing and offshoring in the next ten years ('05-'15) as in the past ten years ('95-'05), it is not hard to imagine that many of the jobs that exist today will be either made obsolete with technology or sent to a place where it can be done cheaper. Unfortunately, this will affect the already weaker section of our society. I think it is imperative for each one of us to excel and to be an entrepreneur who can turn this into an opportunity. I recently read about a company making under garments in L.A. (I think it is called American Apparels) - they do all their manufacturing domestically and pay their employees a decent wage. Oh, by the way they are really profitable. So it can be done - but not in the way we are used to doing.