ABSTRACT
This chapter focuses on the cost of ethical compromise at the macro economic level. Global corporations, as driven by profits and not ethics, are working actively to anticipate and balance the impending increases in the cost of Western labor through offshore outsourcing and other means. One “valve” or “spigot” that directly impacts that cost is encouraging the ease of access, cross-cultural integration, training, and availability of the ever-growing, plentiful, and technically astute Eastern workforce. Some Information Technology skills will be in greater demand while others will face less demand. This trend will become more pronounced as global firms shift their labor management policies to reflect global workforce realities. The chapter illustrates the remarkably direct relationship between income and educational attainment at the individual level in the US Even those who completed some college but did not earn degrees did better than those with no postsecondary education.
