Originally posted by: chowderhead
The value of U.S. exports of legal work, computer programming, telecommunications, banking, engineering, management consulting and other private services jumped to $131.01 billion in 2003, up $8.42 billion from the previous year, the Commerce Department reported Friday.
Imports of such private services -- a category that encompasses U.S. outsourcing of call centers and data entry to developing nations, among other things -- hit $77.38 billion for the year, up $7.94 billion from 2002. Measuring imports against exports, the U.S. posted a $53.64 billion surplus last year in trade in private services with the rest of the world.
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The analysis in my opinion fails to make one important and fundamental distinction.
When foreign companies outsource work
to the US, the products or services are generally
sold to US consumers. For example, BMW or Toyota opens a plant in Alabama (I think because of US law) in order to sell to US consumers.
When US companies
outsource work to foreign countries, the products or services are not generally for that foreign countries' consumption, but for
US consumption.
The balance of trade is not a simply subtraction. We are losing jobs and not getting net gains in new markets. Before NAFTA, we had a net trade surplus with Mexico ... now it's a large deficit. I am not against free trade as long as it is fair on both sides. We cannot compete with 20cent to 2 dollars an hour and/or no environmental or labor laws.
People want to talk about horse and buggy analogy ... but many of these jobs are good paying jobs. Jobs that require advanced skills in emerging and maturing fields (software development, programming, manufacturing). I don't understand why people want to bash someone like OP who is clearly upset about losing his job. People in America are fighting to save their jobs or are upset that their jobs are not secure to outsourcing no matter how educated they are .... what is wrong with that? They have ever right to demand that politicans/gov't do something about it because this is a representative DEMOCRACY.
You start losing enough good paying jobs to overseas, pretty soon, you won't have a US market to sell to.
Can you see a future where MOST of the jobs are either B&M service jobs OR gov't jobs. I'll bet the conservatives would love that. :roll:
Lastly, best of luck to OP, I hope you land on your feet again. cheers.