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The Economists' VoiceTop Economists Take On Today's Problems$
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Joseph Stiglitz, Aaron Edlin, and J. Bradford DeLong

Print publication date: 2011

Print ISBN-13: 9780231143653

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231143653.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 19 October 2019

U.S. Offshoring

U.S. Offshoring

Small Steps to Make It Win-Win

Chapter:
(p.43) Chapter 6 U.S. Offshoring
Source:
The Economists' Voice
Author(s):

Diana Farrell

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231143653.003.0006

This chapter considers the issue of offshoring. The United States leads the world in offshoring white-collar jobs to low-wage countries. Today they employ more than 900,000 service workers overseas. But widespread concern about the effects on the U.S. job market has prompted policymakers to call for curbs on offshoring, and some states have already adopted such policies. It is argued that fears about job losses and wage cuts in the United States due to offshoring are vastly overstated. Protectionism may save a few jobs for a while, but it will stifle innovation and job creation in the longer term. Rather than trying to stop globalization, the goal must be to let it happen, while easing the transition for workers who lose out.

Keywords:   offshoring, outsourcing, employment, job market, unemployment, job loss, wage cuts

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