More "In-sourcing" Than Outsourcing

EIB echo:

Here is some outsourcing statistics from Elaine Chao, the Secretary of Labor: In the past year in America, employers have eliminated about 300,000 jobs in the U.S. in favor of cheaper labor elsewhere. Yet, about eight or nine million Americans currently work for U.S. subsidiaries of foreign-owned companies.

Now, people talk about outsourcing a lot. The anxiety belies the numbers, and you can look at it, well, any number of ways. We in-source more jobs from foreign countries by four to five times than we outsource. We in-source about 6-1/2 million jobs, outsource, you know, 300,000 this year, and we're talking about a total of 140 million jobs overall of this country. It's a wash. In fact, it's a net gain, which is the point. If we're going to talk about outsourcing and we're going to be consistent about it, if we're going to stop outsourcing, we're going to build a wall around the country and no foreign companies can build factories here and employ American workers at the same time. You know, "outsourcing" has now come to be a bad word, and the Democrats are trying to associate outsourcing in this way. They actually want people to believe that the Bush administration wants Americans to lose their jobs so that American companies can profit more.