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.