Commentary
Should We Trade at All?
By Walter E. Williams
There are only a handful of products that Americans import that cannot be produced at home and therefore create jobs for Americans. No one denies that international trade has unpleasant consequences for some workers. They have to find other jobs that might not pay as much, but should we protect those jobs through trade restrictions? The Washington-based Institute for International Economics has assembled data that might help with the answer…
By Walter E. Williams
There are only a handful of products that Americans import that cannot be produced at home and therefore create jobs for Americans. No one denies that international trade has unpleasant consequences for some workers. They have to find other jobs that might not pay as much, but should we protect those jobs through trade restrictions? The Washington-based Institute for International Economics has assembled data that might help with the answer…
posted by HeavyHanded at
6:14 PM
1 Comments:
Companies who farm out work do it because of lowering the cost. They can let someone else pay for the equipment or specialized talent and only use the source occasionally as needed. Many companies have found this to benefit their bottom line, through markup.
The problem comes when a savvy consumer realizes the transaction and choses to manage the activity themselves and reduce their cost.
The problem also leads to issues of control and meeting the tight time lines of todays world. You see, when it leaves your hands it is out of your control. This loss of control and ultimate guarantee of time lines could cost you the job, ultimately costing you plenty.
Careful balance needs to be maintained between trade and independence. Money is not the only consideration.
By
ablur, at 1:42 PM
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