Tuesday, January 27, 2004

Outsourcing Not a Threat After All?

Outsourcing Not a Threat After All?

Fear sells better that fact, and I don't expect anyone to be moved by reality, especially in an election year. But, it turns out that outsourcing actually creates jobs in this country. "Like the fears that surrounded NAFTA, those around offshoring are mostly baseless. While offshoring is definitely an economic trend, there is no statistical evidence pointing to the massive employment drain activists call the "coring out" of America's best jobs. In fact, recent studies show that the opposite is true: While offshoring may displace some workers in the short term, in the medium and long terms it represents a net benefit for both domestic businesses and their workers. In fact, the greatest threat from outsourcing is that its opponents will use it to force a new wave of protectionism."

Plus, it's much better foreign aid that paying off dictators.

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