Outsourcing Helps - Really!

Filed in archive Outsourcing Advisors on August 25, 2006

If you think that all outsourcing has done to the US is the job losses, think again.

Two economists from Princeton University revealed that outsourcing does not have a negative impact in the economy. Princeton professors Gene Grossman and Esteban Rossi-Hansberg in fact proposed that outsourcing has helped in raising the wages for low-skilled US workers.

In line with this, the two economists mentioned that the negative attitude towards outsourcing is a big factor in not seeing the real benefits that this business strategy have done for the US. Aside from that, they view outsourcing as a new way for international trading.

Let me share you their opinion in regards to International trade:

"We need to move away from the traditional approaches to trade in which only goods can be exchanged internationally, and move toward a new paradigm". -- Gene Grossman and Esteban Rossi-Hansberg.

Now, that is what I call open-mindedness.