exc-54f57a8fe4b0f3cdce5dbae4
Job outsourcing tends to be one of the few things that Americans can unite around: over 80% of Americans oppose it.
Something to consider: what has outsourcing meant for the 1.3 billion people of China (where many outsourced jobs are absorbed)?
One way to see it: in 10 years between 2000 and 2010, Chinese incomes quadrupled, creating a growing middle class and bringing 680 million people out of extreme poverty.
(Image credit: CNN)
What is your initial reaction to this? How much of this growth might have been due to outsourcing versus other factors? And how might we learn this?
When considering the “good” or “bad” of corporations outsourcing jobs, should we consider the welfare of everyone in the world, or only our home country? How do you feel about the fact that globally the trend may have had a large net positive effect? What about those who may lose out?
Let’s hear your thoughts! Leave us some comments below.
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I think that creating greater income equality in China is awesome, but I think that doing so at the expense of others is a bit short-sighted. As we expand into a global economy, where a limited number of necessary jobs are distributed throughout the world, it gives a clearer image of how much power corporations have in a world that mandates employment for survival, but does not guarantee employment. Shifting the way we look at what rights humans deserve and what obligations societies impose to to ensure individuals' comfort and happiness is a crucial next step.
Great thoughts. Though I'd love specifics! I know you and I have different approaches to economics: what did you have in mind for these obligations so that you see a win-win?
I largely agree with Dave's point of view -- creating jobs in China is awesome, but not when it comes at the expense of those in our own country. If it wasn't at the opportunity cost of employment for our own people, then I'd be much more enthused.
I don't have the facts on this, but...
What if the "net" economic impact was positive? That is, what if more people in China were "more helped" than those in the US who "lose out?" I think the interesting value to think about is "do we think Americans' well-being is more important than others?" I don't actually have a good answer here at all.
Most of our governmental decisions (economic, military, immigration, whatever) are based on "what is good for the people of this country" not "what is in the best interests of the world." I think that's what being the government of this country means. I'm pretty sure if I said "well, here is a military situation where Americans are benefited by X, and the Chinese are benefited by Y, and there are more people in China, so we should do Y" you would look at me like I was crazy. I'm not sure why you think it should be different when economic decisions are being made.
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