Economy struggles as jobs go overseas

[JoeMemphis]

In the politically charged debate over jobs moving overseas, most economists stand with their embattled colleague, White House chief economist Gregory Mankiw.

But with an important reservation.

They agree with Mankiw that the movement of jobs overseas, or offshoring, will provide a net gain for the U.S. economy over time. But when the economy is trying to get back on track, as it is now, the practice hinders the economy's ability to create work for Americans who need it.


http://www.ohio.com/mld/beaconjournal/7970674.htm