Which is it? Either everyone knows it, which would include me, or everyone doesn’t know it because I don’t (and at least 3 others).
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Actually, I deal with trolls exclusively. Kind of a hobby I turned into a job. Turns out there are a damn lot of trolls out there, and they are all very hungry. So my production has gone from 600 a day to 1400 a day.
Maybe trolls are the next big thing, or the last big thing, which ever, either way, trolls are creating jobs here in the heart land.
From your article (edited for clarity):
*“Offshoring is what destroyed our business, literally,” said Michael Venuti, former chief executive officer of Discovery Partners.
A year ago, Discovery failed to win a competitive bid that would have renewed its contract with drug giant Pfizer, which provided half the company’s annual revenue.
Two other U.S. biotechs that provided drug research services to Pfizer also lost out on bids to renew multimillion-dollar contracts with the company.
What’s changing: U.S. pharmaceutical and biotech companies are beginning to do more of their research work through companies in China, India and Eastern Europe, where labor is cheaper.
Gone are the days when investment money flowed into U.S. biotech startups with big ideas but few products. Today’s biotech scene is more frugal and leaner, with some scientists losing high-paying research jobs as the industry adjusts to a new and, some would say, more balanced global market.
Venuti said Pfizer had the three U.S. biotechs bid against offshore providers in India, China and Eastern Europe.
“Price was the driver,” Venuti said. “To my chagrin, Discovery bid at zero margin the second time around just to try to keep the contract. One cent less and we’d have been doing charity work for Pfizer.”*
So what you’re saying is that Pfizer should have chosen a higher priced bid, and then what? Eaten the profits? Laid off staff? Raised drug prices?
California’s biotech industry clearly had too many “high paid scientists.”
If you had bothered to read that chapter on supply and demand, you would be aware of how the free market establishes prices (wages). These so called* scientists* used to think they were high value, and perhaps there was a time when they were. Now they’re not. Are you suggesting the government step in and tell everyone to pay scientists more?
Damn, at this rate you are going to be the fattest troll on the web.
That’s right, just like tamagotchis these scientists are no longer in demand, hence their wages will fall as a result. See how supply and demand works?
Name me one object made from hay that argues better than you.