Book: U.S. businesses facing ‘fierce’ new competitors
July 5, 2006
• American middle class being gutted
• A nation of ‘Homer Simpsons’ will lose jobs, wealth
If you thought the problem of losing American jobs to cheap labor overseas was over, brace yourself for even worse times to come, says business expert Peter Fingar of Tampa, Fla.
“The world is tilted in favor of a fierce new breed of competitors,” says Mr. Fingar, author of the book, “Extreme Competition: Innovation and the Great 21st Century Business Reformation.”
((Listen to an interview with Mr. Fingar by clicking on the link below.))
Mr. Fingar says the U.S. seems to be asleep with no national policy to deal with the threat and with young people spending more time watching the “Simpsons” while their counterparts in China are studying calculus.
“These fierce new competitors are ready to engage you, your company, and your kids in extreme competition,” says Mr. Fingar. “They play hardball and dominate their industries. They’ll go to the ends of the earth to employ factory workers for 9 cents an hour and PhDs in science and technology for $20,000 a year. This global search for low-cost labor has already begun to damage, and may even cripple, America’s middle class.”