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Has Outsourcing Irreversibly Damaged The American Economy?: Left of Center View

Has outsourcing irreversibly damaged the American economy? Only time will tell. Has outsourcing damaged the American economy? Most definitely, we just have to wait to see if the damage is permanent.

American corporations send jobs overseas, but do very little to replace them here at home. If this practice keeps up the U.S. may well get some of those jobs back, but not for the reasons we'd like. It may be that the tables turn and the U.S. economy is so weakened that Chinese corporations come here to find cheap labor.

American corporations have gotten very good at taking companies and turning them into corporations, building them up until they are worth more cut apart. It's the same cycle that fueled the .com boom and bust as well as our current real estate troubles. It is a system where very few can make a lot of money, but in the long term the little guy (and girl) gets screwed. Which doesn't really effect the guys doing the damage, until...

With fewer and fewer people working, less money is being spent in the local and national economy. There will eventually come a time when we won’t be able to afford the products our companies are making for us overseas. When that happens the last pillar will fall and the corporation that sent the jobs overseas won't be able to afford their own executives.

On the bright side, America is a resilient place full of resilient people. Every time the world changes we find a way to change with it. If our nation wants to remain a world leader in all things then we must adapt and learn from the world. Right now we're too busy making a quick buck to think about the long term consequences. But we will eventually, we'll have to. I'm just hoping I'm around to see it.

Thanks for listening,

Bill

Berkeley Bill - California | E-mail Comments on this column. | Click icon to Digg this article

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Has Outsourcing Irreversibly Damaged The American Economy?: Right of Center View

You have to love the question being asked. Has outsourcing irreversibly damaged our economy? Who the hell knows? We know that taking jobs away from Americans isn’t good for our economy. It’s kind of hard to spend if you don’t have a job. But nobody knows if the damage is irreversible.

The thing that gets me is that liberals always want to blame corporations for it. Never do they ask why companies ship jobs overseas they just assume it is simply greed and callousness. They don’t understand that companies have to compete in a global marketplace. America is not the only nation on Earth that needs stuff and there are finite global resources. Companies have to save money where they can to keep from going under. While other nations subsidize their industry America taxes ours. To be at all competitive we have to find ways to lower operating costs.

The biggest threat to the American economy is the American government. It doesn’t seem to matter who is holding the gavel businesses are scapegoats for the politicians' ineptitude at running our country. When the economy goes bad it’s business’ fault. When unemployment goes up it’s business’ fault. Maybe if Washington stopped finding a million different ways to make a buck off American companies they would not have to keep laying off American workers. Every worker in America costs the business they work for thousands of dollars every year in money that they have to pay to the federal government simply for employing a worker.

You have to ask yourself, what intelligent person would willingly pay someone ten dollars an hour to do a job they could pay someone else ten dollars a day to do? In America, employees that earn seven dollars an hour cost their employers nearly ten dollars an hour to employ. When you work that out, taking into account millions of workers employed by American businesses, it works out to billions of dollars lost by business every year just for the privilege of employing American workers. Who’s really to blame for lost American jobs? Who’s really damaging the economy?

The Realist - Patriot at Large | E-mail Comments on this column. | Click icon to Digg this article

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