By Ros Krasny Fri Aug 25, 12:03 PM ET
JACKSON HOLE, Wyoming (Reuters) – Take that, Lou Dobbs. Despite much handwringing and political posturing, the surge of job outsourcing, by increasing productivity, has actually helped raise real wages for low-skilled U.S. workers, according to two Princeton University economists.
They countered critics of outsourcing, including high-profile CNN host Dobbs, who charge that transferring U.S. jobs abroad hurt American workers’ well being. Full article here:Taking a swing at conventional wisdom, Princeton professors Gene Grossman and Esteban Rossi-Hansberg argued that wages for the least-skilled blue collar jobs had been rising since 1997 as outsourcing boosted productivity.
This is no news to me. I’ve been reading and analyzing similar studies for several years now. A “study” can come up with whatever you wish it to, really, but I’ve seen a great deal of indepence and verasity in the ones I have read.People
like Mr. Dobbs, whose “jobs” resemble htis pundit’s … sitting around and expressing opinions … need to look alittle fartehr at what they “think” the bad things about outsourceing really are.Outsourcing
is a boon to the Philippines and other countries where any job is better thna no job, and it’s a real benefit to the US becuase we can distrubute the better paid, higher skilled jobs across a broader base.
Think twice before you knee-jerk agree with every word that comes out of Dobbs’ mouth,
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There has been a lot of testimonials, written articles from companies who have benefitted from outsourcing their business process. A lot of studies have shown that given the right outsourcing service provider it will pay them big profit.