Posted on 03/02/2016 5:39:11 PM PST by Steelfish
The Trump Blog Ideas & opinions from Donald Trump and the TrumpU faculty The Real Estate Investor Training Program
Outsourcing Creates Jobs in the Long Run
by Donald J. Trump Chairman, Trump University
We hear terrible things about outsourcing jobs--how sending work outside of our companies is contributing to the demise of American businesses. But in this instance I have to take the unpopular stance that it is not always a terrible thing.
I understand that outsourcing means that employees lose jobs. Because work is often outsourced to other countries, it means Americans lose jobs. In other cases, nonunion employees get the work. Losing jobs is never a good thing, but we have to look at the bigger picture.
Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs.
I know that doesn't make it any easier for people whose jobs have been outsourced overseas, but if a company's only means of survival is by farming jobs outside its walls, then sometimes it's a necessary step. The other option might be to close its doors for good.
(Excerpt) Read more at web.archive.org ...
Don’t know much about business, I see...
If he owns the company in Mexico, yes, he is taking jobs away from Americans.
If the company is owned by Mexicans, he is, like ALL businessmen, taking advantage of lower prices.
If not for the horrendous trade regulations that have been set up by your precious professional politicians (are YOU getting a cut of their payoff money?) Then America would STILL have good clothing manufacturers at decent prices.
Maybe you need to untwist yourself from the status quo and the same old, same old political BS we’ve had for the last 25 years and brighten up...
What Trump is doing isnt business, it's called CORRUPTION. Bribes, favors, and cheap labor, all set up by the RINOs and DUmocrats that have been in bed with Trump for four decades. That bright light you are seeing your bloated pumpkin go down in flames.
Uhhhhhhhhhhhhhhhh..........OK......
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