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A LETTER TO BAD BOSSES

Dear Boss,

This column was printed out and mailed to you by one of your employees.

One of your unhappy employees.

There is a problem. You are not doing your job.

You are hurting your employees, your company and yourself. This is a polite request that you reconsider your ways.

Being a good boss in an acquired skill. Just as people have to learn how to weld or program computers or do surgery, bosses have to learn how to lead and manage.

There is no shame in not knowing. But there is shame in being too stubborn or arrogant to learn.

 
The Independent Institute: Outsourcing and Adam Smith, by Robert W. Galvin

San Francisco Chronicle April 19, 2004

Outsourcing and Adam Smith
By Robert W. Galvin

The cry against outsourcing is a familiar one, almost as old as international commerce itself. Like today’s protectionist proposals, 18th-century “mercantilism” was structured to promote government-favored exports while restricting imports, based upon the flawed theory that wealth was static: The only way one nation became richer was for another to become poorer.

Adam Smith refuted this notion effectively with the publication in 1776 of Inquiry into the Nature and Causes of the Wealth of Nations. Smith proposed that if trade were freed, wealth would grow by increasing productivity through the division of labor. Locally, this idea offered an alternative to subsistence-level self-sufficiency—rather than having each household produce most of its own food and supplies, specializing and exchanging with other individuals would give access to more and better produce. Likewise, international free trade would enable each nation to specialize in what its citizens could produce relatively better and more cheaply.