[Texgreen] Outsource all jobs?
Roger Baker
rcbaker@eden.infohwy.com
Wed, 13 Jun 2007 08:23:10 -0500
Fortunately not. For real job security, you need to refine your
skills at bartending or waitressing. -- Roger
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<http://baltimorechronicle.com/2007/061107Roberts.shtml>
How Offsourcing Undermines America
by Paul Craig Roberts
Princeton economist Alan Blinder, a former vice chairman of the Federal
Reserve, says that the entire range of tradable professional services
can be
offshored. I agree with him. He estimates the number of these jobs at
approximately 50 million.
Should such displacement occur, what occupations would absorb such
numbers
of economically displaced Americans? As I have documented
relentlessly, in
the 21st century the US economy, according to the nonfarm payroll
data of
the Bureau of Labor Statistics, has been able to create net new jobs
only in
nontradable domestic services, jobs such as waitresses and bartenders
and
health and social services. Free trade ideologues claim without evidence
that the lost jobs will be replaced by better jobs. They do not
explain why
any such better jobs, should they materialize, would not themselves be
offshored.