JFW Department: "Outsourcing is Good For America" - Cato's Michael Tanner.

[HughBeaumont]

JFW = Just Fucking WOW.

Talk about going beyond not trying to hide the fact that your party just straight up hates the American worker into plain-and-simple brazen disregard for this nation's future . . . Cato's spook house of Free Traitor-Loving wonks can scientifically justify infant consumption and the Koch's will supply them with tons of cash to make 5-minute infovids on why it's beneficial. Amazing. Simply Amazing.

http://finance.yahoo.com/blogs/daily-ticker/outsourcing-good-america-cato-michael-tanner-141051681.html

The number of U.S. jobs lost to low-wage countries has never been officially calculated — U.S. companies are not legally mandated to report such statistics. Boston-based global research and advisory firm Forrester predicts that more than 400,000 service jobs have been moved offshore since 2000 — and that number will rise to 3.3 million by 2015. More than 2 million manufacturing jobs have been outsourced abroad since 1983. Economists estimate that the number of jobs leaving the U.S. ranges between 12,000 to 20,000 per month.

Relocated U.S. jobs end up going to workers in developing nations like China and India, countries that pay their employees much less than their American counterparts.

Michael Tanner, a senior fellow at the libertarian think-tank Cato Institute, argues that low-skill jobs (such as product assembly and call centers) are not cost effective for U.S. companies anymore. In an interview with The Daily Ticker, Tanner says outsourcing has allowed U.S. companies to penetrate foreign markets, be more competitive and hire more U.S. workers at home.

"Countries outsource to establish a presence in a country in which they plan to do business," he says in the accompanying video. "If we're going to sell cars in China it makes sense to build a plant in China." Overseas profits are brought back to the U.S. "and then those new profits enable them to hire new and more skilled jobs in this country."

Laissez-Fail Republicans and Friedmanite RepubliDems are killing this country.

[antigop]

1. Don't forget SOS DLC Hillary and outsourcing -- it's not just the Republicans

http://www.ndtv.com/article/india/ndtv-exclusive-hillary-clinton-on-fdi-mamata-outsourcing-and-hafiz-saeed-full-transcript-207593

Hillary Clinton: So you are talking about the outsourcing of US jobs to India. We know it's been going on for many years now and it's part of our economic relationship with India and I think there are advantages with it that have certainly benefitted many parts of our country and there are disadvantages that go to the need to improve the job fields of our own people and create a better economic environment so it's like anything like the pluses and minuses.

The "many parts of our country" that have "certainly benefitted" from outsourcing are the corporations and corporate executives.

[rfranklin]

2. They are not "U.S. companies" in my view. They are just using the USA without any quid pro quo...

This idea that corporations can use the amenities of the USA and then not pay taxes and ship jobs overseas is ludicrous. Either pay up or get out! They basically are sucking tax dollars out of the system while contributing almost nothing.

[HiPointDem]

3. kr