AGAINST THE OUTSOURCING OF JOBS

Against the Outsourcing of Jobs

Against the Outsourcing of Jobs

Outsourcing is a very controversial political issue in 2007, however it is not controversial when viewed from the economist's perspective. In fact, there is a strong economic justification for outsourcing, however politically unpalatable that may be. We are currently witnessing the discomfort that arises when the political realities of a slow economic recovery in an election year coincide with the outcomes predicted by free market economics. The economic theory referred to in the preceding paragraph is that of David Ricardo (1772-1823). Ricardo developed an economic theory to explain trade ...