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Economy

Bradical79

(4,490 posts) Fri Nov 2, 2012, 11:42 AM Nov 2012

Free trade and offshoring are great! [View all]

At least according to my Microeconomics class.

"Offshoring also increases the demand for complementary jobs in the United States. Jobs that are close substitutes for existing U.S. jobs are lost, but complementary jobs in the United States are expanded. For example, the lower price of writing software code in India may mean a lower cost of software sold in the United States and abroad."

That's from my textbook. Y'all can imagine how frustrating it is to read this after paying a small fortune for this class that is required to earn my degree in software development

8 replies

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Highlight:

Free trade and offshoring are great! [View all] Bradical79 Nov 2012 OP

Yes, according to Hillary, there are "advantages" to outsourcing antigop Nov 2012 #1

Sure, everything gets a little cheaper! (at first) Warpy Nov 2012 #2

But the jobs are replaced with service jobs that don't pay enough to buy a computer, jtuck004 Nov 2012 #3

It doesn't necessarily bring people out of poverty. fasttense Nov 2012 #4

Uh, this doesn't mean they have a dishwasher and can't pay the electric bill or eat like here. jtuck004 Nov 2012 #5

Out of thin air niknik757 Nov 2012 #8

Rember this is Micro and Sam1 Nov 2012 #6

Even, or maybe especially, at the micro level this is unmitigated bullshit. Egalitarian Thug Nov 2012 #7