A primer on the problems posed by outsourcing
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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