Reply #16: Outsourcing [View All]

[Libertarialoon]

Labor is simply another factor of production. If it can be done cheaper overseas, it will be. There's nothing you or any politician can do to stop that.

Oh I suppose you could continue to buy "Made in America" products at an artificially inflated price for a while, but eventually, your buying power will decrease as the value of the dollar adjusts to prices in the economy. You're not really doing anything to save American jobs.

The only solution to outsourcing is to bring the third-world up to American standards of living. The best way to do this is through globalization and outsourcing. Americans have been living at an artificially inflated standard of living for decades now. Only with the advent of technology that enables business to be done anywhere in the world has this discrepancy become apparent to those outside the manufacturing industries.