[Ceebass]

The author repeats one of the great myths in the debate. The jobs going overseas are not producing just for the US market but for the world market. Thus, a US corporation has to lower costs to compete on the world market and not just the US market.

When I call Home Depot's customer service and talk to someone in New Delhi, how does that produce for the world market?

I don't think the author makes the distinction as to whether the jobs going overseas produce for the world or domestic markets. His point is that the money formerly paid to US employees by US corporations is now offshore, with negative implications for the dollar and the economy.

The way I see it, only massive tax and regulatory relief will reverse what appears to be an invevitable trend.

[staytrue]

When I call Home Depot's customer service and talk to someone in New Delhi, how does that produce for the world market?

Perhaps this keeps HD's costs down and the american consumer pays less, and this lowers inflation and keeps interest rates low which lowers US companies cost of capital which makes them more competitive.

Does this explanation work for you ?