What do you think of outsourcing?

[Anonymouse]

You're equally economicly profane with your sweeping generalities. Read past chapter 2 in those dumbed down economics books they give history majors.

Oh no, the eggplant has spoken, woe is me. Unlike you, I actually do know about economics, which you don't. Otherwise you wouldn't be against outsourcing. But unfortunately, there are more socialists everywhere than there are genuine free market economists.

[loseyourname]

Has anyone here other than bruin even expressed an opinion so far? Joint1 said he didn't like that people at his hospital are losing their jobs, but didn't say anything about outsourcing in general. Nobody likes losing their job, but really that isn't the point here. The only person hitting on the actual issue is Clubbin'. Outsourcing allows companies and employees to specialize. International outsourcing allows businesses to utilize the unique and disparate talents of different nations and to lower prices for their products and services, not to mention create thousands of jobs in foreign nations and open up new markets accordingly. Perhaps this should be weighed against the spending power lost by unemployed Americans (to be truthful, I have no idea how much of an effect the dampening of low-end consumer spending has on our economy). There is always going to be somewhat of a debate between those who say the best way to go is saving and investment, and those who say full employment and constant consumption is the surest way to a healthy economy. Personally, I'd have to side with the former conviction. The latter might offer constant growth, but also constant inflation that offsets any gains from that growth, whereas the former emphasizes innovation and forward-thinking.

[Anonymouse]

Has anyone here other than bruin even expressed an opinion so far? Joint1 said he didn't like that people at his hospital are losing their jobs, but didn't say anything about outsourcing in general. Nobody likes losing their job, but really that isn't the point here. The only person hitting on the actual issue is Clubbin'. Outsourcing allows companies and employees to specialize. International outsourcing allows businesses to utilize the unique and disparate talents of different nations and to lower prices for their products and services, not to mention create thousands of jobs in foreign nations and open up new markets accordingly. Perhaps this should be weighed against the spending power lost by unemployed Americans (to be truthful, I have no idea how much of an effect the dampening of low-end consumer spending has on our economy). There is always going to be somewhat of a debate between those who say the best way to go is saving and investment, and those who say full employment and constant consumption is the surest way to a healthy economy. Personally, I'd have to side with the former conviction. The latter might offer constant growth, but also constant inflation that offsets any gains from that growth, whereas the former emphasizes innovation and forward-thinking.

Good points, not to mention the jobs that outsourcing creates right here in America.