We were rummaging through some Internet files a few days back and ran across this gem which somehow eluded our team down at DobbsWatch.com. It’s a piece from a month or so ago (there was a broadcast companion to this written piece) by John Stossel about Lou Dobbs. Let’s just say it’s not terribly flattering, and it concludes that some companies that outsource are actually the bigger (US) job creators.
“This explains why, although the United States has lost some service jobs to India in recent years, total exports from American-based companies — merchandise and services — to India have grown from $2.5 billion in 1990 to $5 billion in 2003. So even with the outsourcing of some service jobs from the United States to India, India’s growing economy is creating a demand for many more American goods and services.
What goes around, comes around.”
Not sure how many things Tom Friedman and John Stossel agree on, but when it comes to Lou Dobbs, they’re apparently in the same camp.
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