Update: A study done by Public Policy Institute of California, and commissioned by California Assembly says that outsourcing has benefitted California by creating more jobs.
The same stupid policy is regarding spouses of H1B visa (employer based visa) holders. Why can't spouses of H1B Visa work? There is no danger of them taking advantage of Govt. welfare schemes, since H1B explicitly requires employers to maintain prevailing market wages.
Talk about anti-competitive behavior and trusts!
The problem is not that working wives want more help with household chores, or that all women want husbands deeply involved in family life. The problem comes when a culture of grievance (and the illusions of power it gives) replaces the cultivation of gratitude. Most especially, when appreciation, approval and affection get translated as "subservience" rather than love.
Update: Shanti asks if feminism is still relevant. Feminism as a movement, having accomplished its goals, is becoming irrelevant. It has developed a habbit of whinning and is now in the same league as Civil Rights movement in US.
All the countries that Times' article cites that have nearly the same population density as India's, but are prosperous than India, have a very high degree of urbanization. This might be the only explaination for the difference in prosperity. Urbanization has a networking effect and can create tremendous propserity. Our own example of Mumbai illustrates this point clearly. Mumbai has highly dense population and it is also extremely prosperous.
Importantly, India's population is younger compared to many European countries and others. With the looming retirement of large number of 'boomers" in US, and European countries, it represents a great opportunity. This nations will be requiring lots of services and we have young working population. Already, growth in BPO, IT services etc. is reflecting this.
There is also issue of service level expected by drivers who subscribe to Toll Roads on a regular basis. In such cases, each additional marginal increase in traffic violates the implict or explict expectations that subscribers might have regarding traffic level, speed and accident risk. If certain drivers do care about congestion, accident risk level etc. then they could subscribe to the Toll Road use with combination of either fixed service level guarantees and fixed fees or variable fees depending upon the actual service level provided. In later case, Toll Road owners will have to balance the increased income from marginal traffic and loss of revenue from the subscription because of degration of service level. Will such an arrangement internalize the externalities involved?
Mises's blog also points out the stupidity of controlling prices. The post has some very interesting Test Questions on the issue of "price gouging".
If certain goods are in demand after natural disaster strikes how can one expect to increase their supply by forcing lower prices?
In the comments section to Roderick Long's blogpost on Liberty & Power (mentioned above by Gil), Mark Fulwiler writes:
If you charge less than the competition, you are guilty of "unfair competition." If you charge the same as the competition, that's "collusion." If you charge more than the competition, or more than the government thinks is "fair," that's "price gouging"!
I believe the above quote is from Ayn Rand's "Capitalism: The Unknown Ideal."
I forgot where I read a letter to the editor saying something to this effect:
As long as needs of some are considered as a moral claim on others property there will be no freedom.
Common Knowledge praises price-gouging and correctly points out that criminalizing price-gouging serve to eliminate an option for people in need. Only an idiot will think that this helps the people in need.
Arnold Kling discusses how real hourly wage for production and non-supervisory workes fell because of increased health-insurance related expenditure per worker has increased to $3000 for the employers.
By now, everyone's heard of offshore outsourcing, by which American companies can obtain services from overseas. Less known, however, is insourcing, when foreign companies send jobs to the United States. For some time, insourcing has been growing more quickly than outsourcing, but it's still below the political radar. Here are the facts: U.S. subsidiaries of foreign firms employ 6.4 million Americans for a combined payroll of $350 billion. These jobs pay, on average, 19.1 percent more than the average U.S. job. About 34 percent of insourced jobs are in manufacturing. These subsidiaries count for 22.4 of U.S. exports. The number of insourced jobs grew by 7.8 percent per year, on average, over the past 15 years; the number of outsourced jobs grew by 3.8 percent per year, on average
The fact that Outsourcing is resulting in Insourced jobs in US should come as a no surprise to anybody who believes in basic Economic principles. Take for example, the announcement by InfoSys to setup US subsidiary and employ 500 people.
The Economic Development Authority of Fairfax County (Virginia), a suburb of the US capital Washington, has opened offices in Bangalore and Tel Aviv to persuade Indian and Israeli firms to open offices in the county.
The county says its recruitment efforts could help quell the increasingly bitter political debate in the US over the migration of US jobs to India.
"There is a great concern (in the US) that high-end jobs are going to India because the costs are less," Gordon said.
"We are reversing that trend. We are bringing Indian companies here to create their jobs here."