Tuesday, March 30

Four Historical Lessons of Outsourcing

Bob Davis from the Associated Press writes in WSJ sited on mlive.com how we can learn the lessons of outsourcing from 4 historical tales that help illuminate today's debate.

(1) Even high-skilled, good-paying jobs are vulnerable.

(2) Trade liberalization often works with technology to undermine powerful interests.

(3) Domestic workers are always vulnerable to competition from foreigners willing to work for less.

(4) Politics can slow down the transforming effects of new technology.