A Greater Threat Than Terrorism
Outsourcing the American Economy
(Information Clearinghouse) -- By Paul Craig Roberts --
Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing's benefits, corporate outsourcers sponsor misleading one-sided "studies."
Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing's impact. But so far there has been no debate, just a shouting down of skeptics as "protectionists."
Now comes an important new book, Outsourcing America, published by the American Management Association. The authors, two brothers, Ron and Anil Hira, are experts on the subject. One is a professor at the Rochester Institute of Technology, and the other is professor at Simon Fraser University.
The authors note that despite the enormity of the stakes for all Americans, a state of denial exists among policymakers and outsourcing's corporate champions about the adverse effects on the US. The Hira brothers succeed in their task of interjecting harsh reality where delusion has ruled.
In what might be an underestimate, a University of California study concludes that 14 million white-collar jobs are vulnerable to being outsourced offshore. These are not only call-center operators, customer service and back-office jobs, but also information technology, accounting, architecture, advanced engineering design, news reporting, stock analysis, and medical and legal services. The authors note that these are the jobs of the American Dream, the jobs of upward mobility that generate the bulk of the tax revenues that fund our education, health, infrastructure, and social security systems.
The loss of these jobs "is fool's gold for companies." Corporate America's short-term mentality, stemming from bonuses tied to quarterly results, is causing US companies to lose not only their best employees-their human capital-but also the consumers who buy their products. Employees displaced by foreigners and left unemployed or in lower paid work have a reduced presence in the consumer market. They provide fewer retirement savings for new investment.
Nothink economists assume that new, better jobs are on the way for displaced Americans, but no economists can identify these jobs. The authors point out that "the track record for the re-employment of displaced US workers is abysmal: "The Department of Labor reports that more than one in three workers who are displaced remains unemployed, and many of those who are lucky enough to find jobs take major pay cuts. Many former manufacturing workers who were displaced a decade ago because of manufacturing that went offshore took training courses and found jobs in the information technology sector. They are now facing the unenviable situation of having their second career disappear overseas."...MORE...LINK
FOR LIBERTARIAN NATIONALISM: ANTI-CORPORATIST, ANTI-COMMUNIST, ANTI-GLOBALIST...PRO-SOVEREIGNTY, PRO-POPULIST, PRO-FREE ENTERPRISE
My Other Blog & Comments
News and Information Feed
-
Activists Are Targeting ICE Agents’ Families Now14 minutes ago
-
-
-
-
-
Islanders sign D Alexander Romanov to 8-year extension44 minutes ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sleep2 hours ago
-
-
-
-
-
-
-
-
Iran Says Donald Trump Is Disrespectful3 hours ago
-
-
Why Does Communism Win?3 hours ago
-
-
-
-
-
-
-
Red light, green light4 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
Big Beautiful Bankruptcy6 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
News Briefs – 06/30/202511 hours ago
-
-
Change for the Better11 hours ago
-
-
-
-
-
-
700 Mossad Agents Busted in Iran16 hours ago
-
-
Big Brother is Watching You19 hours ago
-
-
-
Imam of Bologna: Lega Members Are Satanic21 hours ago
-
-
-
Europe needs a Metternich1 day ago
-
-
They Got Thrashed1 day ago
-
-
-
-
-
-
Letters, We Write Letters2 days ago
-
Belsen camp3 days ago
-
-
-
-
-
-
-
The End Of Free Will4 days ago
-
-
-
Scott Horton, Iran War4 days ago
-
-
-
-
-
-
-
-
-
-
Korean EXTINCTION LEVEL EVENT1 week ago
-
-
Trump, the Fake “American”1 week ago
-
-
-
Get Back2 weeks ago
-
-
A World Without iPhones?3 weeks ago
-
-
-
Media Roots Radio1 month ago
-
Thursday, May 1, 20251 month ago
-
-
-
-
-
-
-
-
TFeed Index 20245 months ago
-
-
-
-
-
Federal_Nanny_State8 months ago
-
-
-
-
Surviving this Hurricane Season11 months ago
-
Hello world!11 months ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Imagine Being This Desperate1 year ago
-
-
-
-
U.S. Openly Militarizes Space1 year ago
-
-
-
-
-
-
Conversations With Cabbies2 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Man, Bear, Pig Event Coming3 years ago
-
-
-
-
-
-
-
-
-
What a Wonderful Stocking Stuffer!3 years ago
-
test3 years ago
-
-
-
-
-
#273 – Marc Randolph3 years ago
-
My Farewell Announcement3 years ago
-
My Farewell Announcement3 years ago
-
-
-
-
-
-
-
-
-
-
Farewell, for now4 years ago
-
-
Audio Book Lost Colony of Hatteras4 years ago
-
-
Cancel Yourself4 years ago
-
-
-
-
-
-
-
The Non-Jewish Origins of Krav Maga4 years ago
-
-
Why the Marines are dumping their tanks5 years ago
-
-
-
-
The Socio-Sexual Hierarchy: ALPHA6 years ago
-
-
Home: A Recap7 years ago
-
Big Brother’s War on Cash7 years ago
-
-
-
-
By: Osamas Pajamas11 years ago
-
Form Post11 years ago
-
Join Our Mailing List13 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment