President Bush Must Address Outsourcing August 19 2005
Counterbias.com
Gene C. Gerard
In a recent radio address to the nation President Bush said, “Our economy is strong, yet I will not be satisfied until every American who wants to work can find a job.” If Mr. Bush truly wants to ensure that everyone who has lost a job can get back to work, he’s going to need to take a stand against sending jobs overseas. At best, his administration has done very little to address this issue. At its worst, the Bush administration has implicitly encouraged outsourcing.
The manufacturing industry has lost 2.8 million jobs since Mr. Bush took office in 2001. Although it’s difficult to ascertain just how many of these have been outsourced, a study by the Economic Policy Institute estimated that about 60 percent of manufacturing jobs were sent abroad. Almost another million jobs have been lost in the professional service and information sectors. Goldman Sachs estimated that about 500,000 professional service and information sector jobs have been sent overseas in recent years. Although the manufacturing industry has been hit the hardest, job losses in the information technology (IT) sector are a close second.
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