A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Had to repost this great post from a wise MT :) - PT

Posted: Jan 02, 2011

"Had mandatory conference call with HR recently. Heard they are a growing company. Don't doubt it. Hospitals must love the instant TAT and low cost of Transcend. It means heck for us.

Same as Walmart-- you appreciate low prices and availability, don't realize that the companies have to supply goods to Walmart at rock-bottom prices just to survive. Walmart is Transcend, Walmart shoppers are the hospitals looking for a good deal, the brand-name companies are us-- forced to supply at low, low cost, just so Walmart can offer us low, low price. I read that Mt. Olive Pickles almost went bankrupt, because of Walmart's $1 gallon of Mt. Olive pickles. It was such a good deal, that nobody bought any other line of Mt. Olive pickles, at any other store. And Mt. Olive sure was not making any profit on providing $1 gallons of pickles. That was Walmart's pickle-policy though. It was the first time that I realized the connection-- my demand for a good deal, means that the suppliers suffer. I had thought it was all about Walmart.

THEN, to survive and cut costs, the suppliers have to go to China to find cheap labor, to produce the goods cheaply, so that they can supply the goods cheaply to Walmart, so that Walmart can provide the goods cheaply for us. My goodness! There is yet another link in the vicious cycle! Then, we lose our factory jobs at Electrolux, and Tupperware, and Dell PC assembly. Which leaves us even more cash-strapped, so we have to go to Walmart to stretch our unemployment checks. Meanwhile, what Arkansas family is the wealthiest in the nation? And what transcription company (with a capital T) is moving up the ladder into second place nationally, by putting small MTSOs out of business-- like Walmart did with its mom-and-pop "competition." Oh, what have we done to our own country, by innocently looking for better deals! Why did Sam Walton make a good thing into such an evil thing! I am going to the local grocery store right now to look for the most expensive jar of pickles I can find! Not sure if hospitals will look for the MTSO charging the highest cpl though..."

Good post. Makes you think..........n/m - Kiki1

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Good post - Minnie

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It was a good post. I don't shop at Walmart and I don't work for Transcend (although I was offered a job by them when MDI merged). Both of these decisions were based on my conscience. I am not going to save a few dollars on the backs of other workers (Walmart) or help enrich Transcend.

It's a vicious cycle, and it's putting the US into a - downward spiral it may not be able - sm

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to pull out of. It all comes back to CORPORATE GREED. Since there is no limit in this country on just how much of a profit margin a company can have, then of course they just want more and more and more. The stock market, is the same way. The shareholders want more and more profit, pushing the companies that went public to not just want, but NEED more and more profit. So they cut and slash at the bottom, and reward the cutters and slashers at the top of the corporate ladder with more and more pay and perks.

Since there are more WORKERS in the US than top corporate entities, the spending power of the American public shrinks every year. And in turn, those stores, who want and are expected to rake in those obscene profits, need the poorer consumers to buy their products. So they start importing from China, putting American producers of those products out of business. They start offshoring their labor, putting their own American workers at a lower income scale, or worse, out of a job entirely. And so the cycle continues.

As a result, even if you can afford an American-made product, it gets harder and harder to even FIND the words "Made in America" on any product anymore.

Back in the day, imported goods used to be LUXURIES. They COST MORE than American goods. The US needs more cash to pay its bills? It ought to levy a hefty tax on all imported goods, and encourage American companies to keep their labor in America by giving them tax incentives to do so. Those who still offshore should pay thru the nose for the privilege. With more Americans working at jobs that don't pay in Rupees, they would in turn be able to afford American products, even if they did cost a few dollars more than the same thing made in China. And, if that imported T-shirt or shoes, for example, were taxed the way it SHOULD be, it would cost more than the American-made T-shirt or shoes.

It's all relative. If American goods have a slightly lower price than imported goods, people will buy them. Which in turn will make more American goods available.

I relize it's a so-called "global economy" we're dealing with, but in reality, that's nothing new. Countries have been trading with each other since the beginning of civilization. But a country should also be able to sustain itself and its own people on its own, with minimal reliance on offshore goods, for it to be able to do business with other countries without having to SELL itself to them, in order to be able to do so.

Beware also when they say USA based company. - MTKS

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I bought a dresser and asked if it was a USA company and was told that Broyhill was a good USA based company. When I went to paint my room and pulled the dresser out from the wall where it had been placed on delivery, it said made in Vietnam. My husband is in the aircraft manufacturing business and I am an MT, two different industries and both of our jobs are threatened by sending jobs to foreign companies. I never really thought that much about it until last July when I was buying fireworks made in China to celebrate our freedom. If USA does not wake up we will have no jobs to make a living to pay for the foreign made junk.

The word "....based" is one to avoid. My MTSO is "US- - based" - with 90% of workforce in India.

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I'd sure like to know just how that qualifies as "US-based".

Yep, means the owners live in different country, taking our - $ but not paying taxes. They just have SM

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a branch, or base, that is actually in the US.

Great Transcend/Walmart analogy! nm - Relieved

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like Amazon.com, its the way of the world folks. - nm

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I owe my soul to the company store - baritone

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I work for Transcend, and DH works for WallyWorld. What a social commentary that is...

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