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1 Comments by Economics Professor

Bishop Leads Altschuler After Absentee Ballots Counted

Outsourcing has one disadvantage but it also has many advantages. The disadvantage, of course, is that jobs which might be created in this country are created instead in even greater numbers in a foreign country, usually China or other parts of Asia.
The advantages of outsourcing include:
(1)Many businesses that would not be able to survive in this country are able to survive with low cost foreign labor or operate much more profitably. These businesses would contribute tax revenues to our state and federal governments.
(2)The cost that we must pay for goods and services goes much lower with outsourcing. This allows poor people in our country to afford the high quality goods that they need.
(3)The inflation rate will remain lower with more outsourcing and more free trade. Lower inflation means lower interest rates by the Federal Reserve and healthier economic growth in our country.
(4)The jobs created in foreign countries save desperately poor people from starvation and exploitation. These nations will become friendly allies of the U.S. rather than neurotic enemies of the U.S. that put a perpetual strain on our defense spending. " Nov 20, 10 7:02 AM