A Bit Of A Conflict
The United States government is trying its best at promoting a globalized economy. Well, after reading this article is seems that there is also conflict withing government bodies; to globalize through outsourcing or not? States governments pushing to get bills pushed through government bodies to keep corporations here; to crack down on outsourcing American jobs. Have a look: http://www.foxnews.com/story/0,2933,117432,00.html
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I read part of the article attached and what the Chairman of the Federal Reserves said, when he “has criticized efforts to limit offshoring, saying they will reduce American living standards and not help American unemployment. ” This doesn’t make sense to me with what I have learned in economics class. It has to lose jobs for Americans and it will reduce living standards because markets always move to equilibrium. It might take time. If we are outsourcing jobs because it’s cheaper eventually that means people will lose jobs and have to work for less here. And you know the poor will get hurt first. What do you think. Good topic for your blog.
Lorina Coble - April 4, 2008 at 4:32 am