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F. George McDuffee F. George McDuffee is offline
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Default reducing the cost of labor

On Tue, 11 Mar 2008 13:06:03 -0400, "Ed Huntress"
wrote:

The current economic troubles cloud the issue, but the fact is that Germans
and French have been screaming -- even the OECD has been screaming -- that
pharma price controls in those countries have gutted their industries and
moved them mostly to the US.

And the consumers have the drugs at affordable prices...

That's not to say that I would support the lack of price controls here 100%.
But facts are facts. We have the numbers, and the top-paying pharma jobs.

Indeed we do, but the top paying jobs are for the book cooking,
asset stripping CEOs and MBA types. The actual research and
production are rapidly being offshored, mainly to China and
India.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).