Commentary: Outsourcing Jobs: Is It Bad?

As white-collar jobs move away with increasing regularity (In mid-July, IBM set off a firestorm when news of its plans to move more white-collar jobs overseas was leaked to The New York Times), a debate that once focused on the loss of manufacturing to foreign outsourcing is once again raging: Just how serious for America, its workforce, and its economy is the shift? Two decades ago, the loss of auto jobs and other high-paying manufacturing jobs sparked fears of a hollowing-out of the U.S. economy. Yet painful as the loss of those positions were, strong economic growth and innovation created far more -- and better -- jobs to replace them.

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