As we’ve seen with the manufacturing “crisis,” the “outsourcing of America” is a total farce. As reported in today’s NYT (registration required) and WSJ ($), the total number of jobs lost due to outsourcing was 4,633–only 2.5% of the 182, 456 jobs reported lost during the 1st quarter of this year. I’ve already emailed these articles to Lou Dobbs.
Source link: http://archive.mises.org/2108/the-crisis-that-never-was/
The Crisis That Never Was
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{ 2 comments }
great post Jude. You have to wonder why
trade with the developing world is called
outsourcing.
Hello, Jude. I’ve just seen the Lou Dobbs show and it is like he never read your articles. He is still spewing the same nonsense under the bombastic title “Exporting America”. I think the man maliciously ignores facts and makes appeals to popularity to push his arguments. 06-14-2004
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