Comments on: Big business pipeline for small business http://blogs.reuters.com/small-business/2010/09/14/big-business-pipeline-for-small-business/ Grow your own Sat, 20 Apr 2013 16:33:57 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: johnnyjr http://blogs.reuters.com/small-business/2010/09/14/big-business-pipeline-for-small-business/comment-page-1/#comment-2278 johnnyjr Tue, 14 Sep 2010 22:34:02 +0000 http://blogs.reuters.com/small-business/?p=2838#comment-2278 This isn't exactly a new idea. There are lots of industry-specific versions of this concept, such as in commercial printing. Many municipalities use similar procurement systems. Before everyone gets all warm and fuzzy about how big business is going to save the economy keep in mind that it is a way for them to significantly reduce costs by awarding work to the lowest bidder. There's always someone who will do something cheaper. That's fine, but on a macro level it serves to lower the prevailing rate for work done across the economy. Perhaps sometime in the not to distant future we can all look forward to doing $10 per hour piece work for mega corporations. This isn’t exactly a new idea. There are lots of industry-specific versions of this concept, such as in commercial printing. Many municipalities use similar procurement systems.

Before everyone gets all warm and fuzzy about how big business is going to save the economy keep in mind that it is a way for them to significantly reduce costs by awarding work to the lowest bidder. There’s always someone who will do something cheaper. That’s fine, but on a macro level it serves to lower the prevailing rate for work done across the economy.

Perhaps sometime in the not to distant future we can all look forward to doing $10 per hour piece work for mega corporations.

]]> By: ginchinchili http://blogs.reuters.com/small-business/2010/09/14/big-business-pipeline-for-small-business/comment-page-1/#comment-2273 ginchinchili Tue, 14 Sep 2010 19:57:50 +0000 http://blogs.reuters.com/small-business/?p=2838#comment-2273 IBM, AT&T, Bank of America, Citigroup, Pfizer and UPS all need to be applauded for this effort. We need all entities that have a stake in the US economy to find innovative ways of nurturing our economy back to health and it will require us to work together. This is the kind of program that can make a difference. IBM, AT&T, Bank of America, Citigroup, Pfizer and UPS all need to be applauded for this effort. We need all entities that have a stake in the US economy to find innovative ways of nurturing our economy back to health and it will require us to work together. This is the kind of program that can make a difference.

]]>