Wednesday, November 3, 2010

Outsourcing Myths -

Outsourcing Myths -
"But that's false. A 2005 study of the high-tech industry by Global Insight Inc., for instance, found that outsourcing was a 'net positive for American workers and the U.S. economy,' responsible for creating hundreds of thousands of U.S. jobs and boosting pay here.

And as Dan Griswold, a trade expert at the Cato Institute, recently noted, 90% of what U.S. companies make overseas is sold abroad — not imported to the U.S. In 2008 alone, U.S. firms sold $6 trillion in goods and services abroad — three times what we exported.

Nor is it all a one way street. From 2005 to 2009, foreigners poured an average of $87 billion year into U.S. manufacturing. We invested just $45 billion a year overseas. So who's outsourcing?"

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