offshore outsourcing

A Tale of Two Charts

In his last year of office, President Bill Clinton called on Congress to make normal trade relations with China permanent. So legislation was introduced to the House on May 15, 2000 by Rep. William Reynolds Archer (R-Texas) with three co-sponsors — saying that permanent normal trade relations (PNTR) with China was a top priority, and was vital to the U.S. agriculture market (to gain access to a market with one-fifth of the world’s population).

Global Capitalism Has Written Off The Human Race

Economic theory teaches that free price and profit movements ensure that capitalism produces the greatest welfare for the greatest number.  Losses indicate economic activities where costs exceed the value of production, thus investment in these activities is curtailed.  Profits indicate economic activities where the value of output exceeds its cost, thus investment increases.  Prices indicate the relative scarcity and value of inputs and outputs, thus serving to organize production most efficiently.

Corporations Hoard Cash While Americans Go Without A Job

The amount of cash multinational corporations are stashing is at an all time high and economists are wondering why.  A recent Federal Reserve research paper examined some of the reasons.  A big one is multinationals pay no taxes on profits if they park them offshore.  A stash of cash is building and the miser pile is now a mountain.

The Failure of Obama's Healthcare.gov Website is Poetic Justice

Obama wants to import more foreign guest workers than there could possibly be jobs for in the United States per the demands of cheap labor corporate lobbyists.  Yet again, instead of focusing in on jobs for Americans, Obama is busy pushing comprehensive immigration reform which will absolutely decimate U.S. workers by flooding the very weak U.S. labor market.

America's Outsourcers to be Reclassified as Manufacturers

Don't like the trade deficit, low GDP and the public outrage over the offshore outsourcing?  Change the accounting method to make it go away!  Such is the agenda of government statisticians it appears.  How they are going to incorporate statistical lies into national accounts is shocking.  Production location no longer matters, the thing that will count is ownership of the final product.

New Study Shows 1/3 of Jobs Prone to Offshore Outsourcing

The change in the skill (educational) level of jobs being moved abroad has led some to wonder whether the offshoring of service, unlike production, activities will result in college graduates facing a dwindling supply of entry-level jobs that have traditionally served as stepping-stones to higher skilled and higher paying positions. The notion that offshoring depresses job growth in the United States appears to underlie support among some policymakers for measures meant to encourage U.S. firms to expand employment domestically rather than abroad.

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