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Ashish's Niti

Niti in Sanskrit means policy/strategy/vision. This blog hosts my political views, along with news and commentary. This blog has moved here.

Tuesday, November 09, 2004

Worried that all jobs will be outsourced to cheaper destination?

Many people complain that all US jobs will be outsourced to cheaper destinations, such as India. Jane Galt explains :

Second, in the immortal words of the late economist Herb Stein, "If something can't go on forever, it will stop." If we really don't make anything worth buying in America, why will the Indians keep sending us software programmes and taking our support calls? Dollars aren't pretty enough to become collector's items; we have to make something Indians can buy with them, or they'll stop working for them, and we can have all our old jobs back. Trendline extrapolation is a silly business in almost any economic situation, but never more so than where trade is concerned.

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