Paul Craig Roberts, slams latest jobs report

[Robert Oak]

No matter what you think of him, he's written a series of op ed pieces
of economic policy that are extremely accurate.

<snip>
It is easy to blame the Bush administration, but the real blame lies with outsourcing and offshore production. By locating production for US markets offshore, US firms can substitute much cheaper foreign labor for US labor to make the goods and services sold to Americans. The high speed Internet makes it possible for US firms to hire foreigners residing abroad, where living costs are low, to do knowledge-based jobs formerly performed by US university graduates.
</snip>


http://www.vdare.com/roberts/science_or_religion.htm

[papau]

1. Excellent! and very true - IMHO :-)

:-)

[mhr]

2. Thanks For The Link - It Rings True For Me - Unemployed 52 Months

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