[JustPiper]

Q&A: Outsourcing Jobs

Published: February 21, 2004

From the Council on Foreign Relations, February 21, 2003

What's the debate over outsourcing?

Shifting jobs to lower-wage countries--a form of what is known as offshore outsourcing--is an increasingly popular practice among U.S. businesses seeking to cut operating costs. Outsourcing has also become political shorthand for presidential candidates to describe what is perceived as unfair international trade and its costs for U.S. workers. The issue has become highly emotional because of outsourcing's two dramatically different effects: it leads to layoffs and dislocations for thousands of U.S. workers, even as most economists say it will ultimately strengthen the U.S. economy.

http://www.nytimes.com/cfr/international/slot2_022104.html

[thecabal]

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http://www.freerepublic.com/focus/f-news/1085960/posts?page=28#28

Huh, unemployment is less than it was during Reagan's term. Interest rates are down to a 40 year low, and like it or not outsourcing is good since it does reduce costs for companies to provide goods and services to consumers.

Heck if you had your way DVD players would cost $300 and a pair of shoes would be $100, due to the union costs, regulations, and the added cost of unbridled trial lawyers going to town.

Of course, you can't buy the cheap crap because you don't have a job. But hey, it's cheap!