Sense about outsourcing
The outsourcing of jobs to foreign countries has dominated the political debate in recent months. Liberals are bemoaning a “jobless recovery” and John Kerry promises to address the “exporting of jobs.”
Amid this hysteria, Thomas Sowell’s article “How to make the economy worse” (March 17), was a breath of fresh air.
Sowell eloquently illustrated the danger of placing limitations on outsourcing: They would be reciprocated by other countries and damage the economy. A similar attempt to save jobs, using trade restrictions in the 1930’s, reduced foreign trade by two thirds and deepened the recession.
Common sense also cuts through this hysteria. The so-called “jobless recovery’ is a myth. The current 5.6 percent unemployment rate is lower than the unemployment rate in 21 of the last 30 years. We’ve also had several consecutive months of moderate job growth and GNP growth has been dramatic. Despite the naysayers, things are pretty good.
Secondly, baby boomers will begin to retire in large numbers before the end of the decade. At that time, a labor shortage is expected and we’ll need all the outsourcing we can get. John Kerry needs to stop demagoging this issue. “If it ain’t broke, don’t fix it.”
Ed Connor Sr.