Financial Planning for the Underprivileged (Part 1)

Can financial capital ever hope to beat higher education in uplifting people? Why is so much financial planning essential to secure quality college education for our children? Can multi-media Internet access break down the barriers of the Ivy League? Education can always been at the forefront of the rise of any civilization. It has certainly been a decisive factor in the global US dominance of the 20th century. Business, medicine, and law schools are some institutions of higher education in which we can justifiably take pride. They are also virtual passports to better earning prospects, and to lives in great material comforts.

Immigration policies favor people with professional skills from other countries. The best US Universities have also seen surges of talent entering campuses from far corners of the globe. A related trend of relatively recent vintage is of outsourcing jobs to other countries. This started as a means of cost effectiveness, but it has transformed in to a redistribution of wealth. Detroit is a stunning example in this respect. Employment growth in the US automobile sector has become a morass, even as our national corporations open new factories, recruit thousands of new employees, and make profits overseas.

Lessons from Software Stocks

Writing code has been remarkably international in fuelling stock dividends across the globe. Success knows no national boundaries when it comes to software engineers. Bangalore in the south of India and Seattle in Washington state, have both gained revenues and jobs from the birth of the software major that works innumerable computers. However, even the founder of this hugely successful firm rues US inability to meet his requirements from the pool of domestic engineers. Gates has successfully lobbied Washington DC more than once to get visas for all the new employees he has recruited overseas. Should we conclude that the US has no use for software jobs, or is it a pointer to a flaw in our systems of education?

Human resources have always been a limiting resource for business. Stock brokers may not worry too much about issues such as employee turnover, and actually celebrate reductions in total employee numbers. However, investors will recall that expensive separations at one location or country may soon be followed by new recruitment drives in other locations or countries! Similarly, the cosmetic margin improvements through outsourcing may lead to serious leaks in know-how and customer goodwill.

Financial Planning for the Underprivileged (Part 2)