More from former Bain partner Edward Conard, who wrote about "how cheap offshore labor really is"

[highplainsdem]

This is also from his book Unintended Consequences, just two paragraphs after the one about all the "savings" from cheap offshore labor:

The economy redeployed talented workers to innovation and deployed less-skilled labpr to the growing local service economy with jobs that paid less-skilled workers the same $17 an hour wages that manufacturing had previously paid, notwithstanding the taxes collected from consumers on behalf of unionized labor. Low-cost offshore goods increased the relative value of those jobs, and, as a result, demand for those domestic services grew; so much, in fact, that we employed 20 million immigrants without a drop in unskilled wages even as we employed tens of millions of offshore workers.

He's living in a fantasy world if he thinks the "local service economy" is payng wages equivalent to those from manufacturing, let alone employing all the people whose jobs were outsourced.

[Angry Dragon]

1. They must have had some pretty good drugs at Bain

Perhaps he can show some of those $17/hr jobs

[reformist2]

2. Complete BS. And "less-skilled labor" now means anyone without a masters degree.

It's like a game of musical chairs out there, if you want a job that pays a halfway decent wage/salary.

[elehhhhna]

3. What he said, what it meant:

"$17 an hour wages that manufacturing had previously paid, notwithstanding the taxes collected from consumers on behalf of unionized labor."

17/hour not including the "taxes collected from consumers on behalf of unionized labor" meaning the wages and benefits that union labor makes. It's horseshit. He is saying it's the same except we took out the extra PAY AND BENEFITS - meaning it's NOT AT ALL THE SAME. Legalese talk spun into bullshit in order to confuse. Wages and benefits are not " taxes collected from consumers on behalf of unionized labor."

IMO