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Outsourcing Creates Jobs in the Long Run
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Candidate
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| Contributor | RP |
| Last Edited | RP Mar 03, 2016 06:37pm |
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| Category | Op-Ed by Candidate |
| Author | Donald J. Trump |
| News Date | Monday, August 29, 2005 10:30:00 PM UTC0:0 |
| Description | We hear terrible things about outsourcing jobs--how sending work outside of our companies is contributing to the demise of American businesses. But in this instance I have to take the unpopular stance that it is not always a terrible thing.
Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs. |
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