A primer on the problems posed by outsourcing
Posted by scapozzola on 03/13/2011
The New York Times' Upfront Section asked "Is Outsourcing Good for the U.S. Economy?"
In an opinion piece, Alliance for American Manufacturing (AAM) Executive Director Scott Paul offered a point/counterpoint argument on the question of whether the U.S. benefits when jobs once done in the U.S. are now "outsourced" to other countries.
Paul's key points:
- When Americans lose jobs to outsourcing, they typically "end up in new jobs with substantially lower pay."
- Overall, outsourcing "places downward pressure on U.S. wages in general."
- Offshoring of U.S. production has increased our nation's trade deficit.
- As U.S. manufacturing has moved offshore, more innovation has also moved overseas.
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