Should America Worry Over Outsourcing?

Filed in archive Outsourcing Issues on February 28, 2007

Apparently, the issue on outsourcing is not yet dead contrary to popular assumptions that it is already a non-existent issue.

daniel Drezner wrote this article called The Outsourcing Bogeyman which deals with outsourcing and its impact in America. I like this article because it reflects my own stand regarding this issue. Here is an interesting excerpt from the said article:

Should Americans be concerned about the economic effects of outsourcing? Not particularly. Most of the numbers thrown around are vague, overhyped estimates. What hard data exist suggest that gross job losses due to offshore outsourcing have been minimal when compared to the size of the entire U.S. economy. The outsourcing phenomenon has shown that globalization can affect white-collar professions, heretofore immune to foreign competition, in the same way that it has affected manufacturing jobs for years. The creation of new jobs overseas will eventually lead to more jobs and higher incomes in the United States.

It is nice to know that someone aside from me believes that outsourcing does not particularly hurt the American economy in general and in fact, could lead to much better job opportunities.