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.
Yes, I can see that.
But the anger already exists. Trump is using it ... but people are also using Trump to send a message to the supposed higher ups in government.
So for the moment it is a good ‘deal’ (as Trump would put it). Both sides are using each other to get something they want.
Why Trump wants the presidency is a mystery. Why anyone would is a mystery really because whoever it is TS is going HTF under their watch .. and they are going to be blamed for it.
That’s why I’ve been willing to accept Trump’s explanation as to why he’s running at face value.
That’s all true except OUR money has already been gambled, and mismanaged and worse for decades.
I suppose it is possible that Trump could do worse, but at this point it is hard to imagine how.
Think of all the people preceding him who have had the levers of power (and their hands in the till).
Unemployment Rate - about 4.8% in 2006
http://data.bls.gov/timeseries/LNS14000000
Labor Force Penetration (about 77 million not in the work force in 2006 about 93 million now)
http://data.bls.gov/timeseries/LNS15000000
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