Outsourcing is good for the economy

[AndyP]

http://moneycentral.msn.com/content/invest/extra/P79592.asp
Sorry if this is a dupe.

"A study released today by the Information Technology Association of America (ITAA) says that outsourcing white-collar jobs has thrown some Americans out of work, but predicts that the trend will ultimately lower inflation, create jobs and boost productivity in the United States."

"Outsourcing dramatically cuts labor costs (Indian programmers earn a sixth of their U.S. counterparts' wages), allowing companies to sell goods more cheaply or at a greater profit. That means more money to buy equipment, build facilities and conduct research."

I dunno. I've said a million times that even if these money-grubbing business owners make more money the workers here won't see increased wages, the product price won't go down, but they (the owners) will be able to buy a new yacht.

[Moderator]

1. Dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=452800