Friday, November 05, 2004

Outsourcing Explained

The Cornell Daily Sun reports a thoughtful essay by Benjamin Gruenbaum entitled 'Outsourcing: Bad for the Economy or Misunderstood Phenomenon'. It's a good read for those that are new to the debate.

"The problem with outsourcing isn't that jobs are being lost to overseas competitors. The problem is that we generally understand outsourcing as it is framed by politicians (and therefore the media), not as it's understood by economists. There are certainly costs and drawbacks to Americans when jobs that used to be in California end up in Bangalore, India, but there are smart ways to mitigate those costs. Unfortunately, unwillingness from politicians and unknowingness from many Americans prevents a useful discourse from emerging. First we should know the underlying facts about outsourcing and only then can we attempt to discuss possible ways to address it."

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