UT student columnist defends outsourcing

[bluestateguy]

Always the business and finance majors, always...

http://www.dailytexanonline.com/media/paper410/news/2006/02/02/Opinion/Outsourcing.Benefits.Job.Market-1595520.shtml?norewrite&sourcedomain=www.dailytexanonline.com

At the end of his nightly program, CNN commentator Lou Dobbs presents the "Exporting America" segment, where he rallies against American companies that employ foreigners overseas in a process mistakenly labeled as "outsourcing." His show contains moving stories about workers who have tragically lost their jobs that are filled with undertones of nationalism and xenophobia.

Outsourcing, he claims, threatens to send millions of Americans into the ranks of the unemployed. But in his focus on anecdotal evidence, Dobbs has failed to look beyond the surface and present the truth about this issue. Outsourcing is not an evil scheme to take precious jobs from Americans, but merely a new way of doing business that promises to actually bring huge economic opportunities to the United States.

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First, while outsourcing may cut jobs in a specific field, it brings savings to businesses across the board. Outsourcing significantly reduces the costs of important services such as Information Technology, which many businesses originally could not afford. Now businesses large and small across America, from travel agents to construction companies, can gain access to cheap services that improve efficiency thanks to cost savings from outsourcing. When a business becomes more efficient and profitable it is likelier to expand and hire additional workers.

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Finally, outsourcing is a new advancement that improves economic efficiency, and like all such advancements, some jobs will be lost, only to be outweighed by economic growth. The invention of electricity caused the many people of the candle and lamp industries to lose their jobs, but in the end led to huge improvements in productivity and quality of life.


More crap...

[Deja Q]

1. What growth? The Dow has proved we've been STAGNANT for 5 YEARS.

That little idiot in Utah can go enlilst himself.

[tanyev]

2. Where's he working after graduation?

Daddy's lobbying firm?

[Mrspeeker]

3. The future is bright though

If we keep out--->sourcing and running up a huge dept, in the end we will get those jobs back. Just think we can undercut everyone when we are the poorest nation.

[Bozita]

4. imho, the writer must be studying to be a Repug operative

Great salaries and benefits along with lifetime employment.

[Strawman]

5. Wow. Someone has read the International Trade 101 textbook

And can recite the sanitized view of the wonders of free trade in a vacuum. Impressive.

[wakeme2008]

6. from today's stock market thread

T THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.

AT THE CLOSING BELL ON February 2, 2006

Dow... 10,851.98 -101.97 (-0.93%)
Nasdaq... 2,281.57 -28.99 (-1.25%)
S&P 500... 1,270.84 -11.62 (-0.91%)
30-Year Bond 4.70% -0.02 (-0.32%)
10-Yr Bond... 4.56% UNCH (UNCH)
Gold future... 576.80 +2.80 (+0.49%)

[tonkatoy57]

7. Oh Jeez

"...where he rallies against American companies that employ foreigners overseas..."

I don't think Lou Dobbs "rallies" against companies. He may rail or scold, but I don't think he rallies. What happened dumbass, outsource your proofreader?


"...Outsourcing is not an evil scheme to take precious jobs from Americans, but merely a new way of doing business that promises to actually bring huge economic opportunities to the United States..."

Promises? Promises? How long has this been going on? Twenty five years? The only people to benefit are the senior execs and the investors.

This guy is a twat. He needs to get out of school and get a job.

[TheFarseer]

8. What are these new opportunities?

Do they need to hire someone to tell all those people they're getting laid off? I have never seen a satisfactory answer to my question, mostly because one doesn't exist.

[KittyWampus]

9. Paul Krugman defends outsourcing to a great extent (though not entirely)

There will ALWAYS be outsourcing.

The issue is lack of new jobs being created and new technologies being invested in.

Wes Clark also had a proposal where companies would have to give the Fed Govt. notice before moving jobs overseas so there'd be time to retrain workers.