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 ...
And our good option is who, exactly?!
Uh-huh...Eleven years ago....
Before the the present administration torpedoed the United States of America...if you don’t think Ideas, thoughts, and directions haven’t changed for almost everyone in this country in the past eleven years, then you’ve been alongside Rumplestiltskin...Fast aslleep....
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.
Who would deny this?
That was in 2005?
Ping!
That exactly what all outsourcers say!
That’s right, outsourcing was a good idea 11 years ago.
If only we had done that we’d be rolling in dough now!
Yep, iPhones are not ever going to be made in the US, and these angry, disaffected laid off blue collar workers are eventually going to be sorely disappointed with Trump. The problem is that they need to be re-trained for currently available high tech jobs. With economic growth, there can be newly created jobs for these people, but most of them are never going to get their old jobs back.
Rubio wants 40 million immigrants.
Cruz says hispanics dont beg(Do African-Americans beg with no shame?)
Cruz says hispanics will line up on the street and fix your house on the cheap.
Liar! lol Trump takes himself out of context and couldn’t write that well if hr wanted.
No commentary on Trump here, but I can say for certain - as an IT executive - that outsourcing helps provide job security for my full-timers. There is always a natural ebb and flow in the workload. If I hired domestic FTEs for the “flow,” when it came time for the ebb, I would have to start laying people off. There is no tenure in IT. I would keep the best performers, whether if they had been there 10 months or 10 years. By maintaining an investment in offshore resources, I can cut that contracting expense painlessly without touching my FTEs. They key is to use the offshore resources only to handle the “flow” until such time that it is clear it is becoming an ongoing operational expense, then switch to domestic FTEs. The majority of your organization should be FTEs.
Additionally, the lower cost of the offshore resources makes it easier to handle the “flow.” Whenever I add offshore temporarily, I attach them to FTEs who gain valuable team leadership experience.
Truly all offshoring is NOT bad, when it is done right. I’m absolutely certain that some people on FR who have never managed a large IT organization will not understand this, though. Flame on.
Make India Great Again!
I didn’t say it was the thing to do...I said ideas and thoughts and directions change over eleven years...
Do you still look at things the same way you did eleven years ago???
I do not see outsourcing as a huge issue PROVIDED the economy is growing jobs in other sectors.
The issue is the second art of that statement is not happening.
Gimme a break! It’s not easy supporting Trump and I haven’t got the hang of it yet.
Rumplestiltskin was the character in the fairy tales who spin straw into gold for the girl trapped in the tower.
You mean Rip Van Winkle. Sadly, Freerepublic has seen a dearth of intelligent posts recently.
You betcha. Jobs no Americans can do. Like those jobs the illegal polish construction workers did
Or
Those maid, lawn care, maintenence and pool cleaner jobs No Americans are willing work. /s
This is exactly right.
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