Guest Commentary: The Harsh Truth About Outsourcing

The Harsh Truth About Outsourcing was published in BUSINESSWEEK, March 2004 It’s not a mutually beneficial trade practice — it’s outright labor arbitrage¬† Economists are blind to the loss of American industries and occupations because they believe these results reflect the beneficial workings of free trade. Whatever is being lost, they think, is being replaced by something as good or…

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