Fair exchange: Who benefits from outsourcing?
The outsourcing of U.S. jobs overseas, the subject of much discussion in this year’s presidential campaign, is part of an economic movement that promises a better life—indeed, a new beginning—for many people in developing countries. It gives technologically savvy young people in countries like India livelihoods that move them into the ranks of the middle class. On the other hand, workers in industrialized nations are being displaced in large numbers. Comparably well-paying jobs are not being created fast enough to make up for the positions headed offshore.