Posted on 03/05/2016 8:09:09 AM PST by syriacus
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.
Tag line.
I wonder how long this joker's "long run" is.
Nope. Not buying it.
From 2004? The data is in now. Trump always said he believed in free trade. We don’t have free trade. We have unilateral disarmament.
Let me guess. You are a Cruzbot.
Are you a snake handler too?
because he’s such a genius, that they will trust that he is playing two games at once and has a yuge!! secret plan behind all the double talk.
Because it’s all about him, you know. Didn’t you see how the Chinese and Mexicans forced him to make his clothing in their countries by devaluing their currency? /s/
Given our laws and economic environment in 2005, he was correct from a business owner’s point of view.
That should be easy to understand. What is good for business owners isn’t always good for the USA.
The problem is that we have to create laws that are good for the American worker. As Trump has said, America doesn’t win anymore. We don’t win because of what politicians have been doing inside the beltway.
We need asbestos hair. Because our hair is continually getting on fire.
There ought to be some dedicated thread to common Trump Q&A (and for those aficionados, Cruz, Rubio, Mitt etc.)
It’s yuge, but not that secret. Populism. They want to see more jobs in the USA.
Quoting Trump is not fair. It’s considered lying.
Excellent point.
‘Some” outsourcing is good for jobs.
BUT the profits have to come back and be reinvested HERE.
The government prevents that with high taxes on any returned funds.
I think the money companies hold overseas is in the trillions.
First of all, this was written in 2005.
Second he is addressing the IT industry, have things changed in the industry in the last 11 years, you bet.
Third, technology in its advances have replace many menial jobs and therefore putting people out of work but increasing profits and allowing companies to invest in other areas that improve life as a whole.
It’s just the way it is, the only solution is to limit the application of certain technologies, I don’t see that happening.
There’s something to be said for putting the remark into a context.
And the biggest context is that now Trump is chasing after the populism vote.
Or eliminate the laws that cause companies to move off shore like regulations etc.
Corporations should not pay taxes either.
Wow.
Also not every country has the same tax scheme. Some have VAT, some income tax. Under VAT, taxes would be imposed on purchases from companies, at the point of sale.
2006 was a far different world than 2016.
In 2006 when the American economy was booming and there was a jobs bonanza, do you think Americans cared about outsourcing?
Now in 2016 when Obama has brought America to a near collapse, do you think Americans care about outsourcing?
By 2020 when President Trump will have created an economic boom and a jobs bonanza, so you think Americans will care about outsourcing?
Only losers and loners would answer yes to all the above except for 2016.
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