It’s hard to say why it happened, but outsourcing is now considered a dirty word. What many people don’t understand; those which do not follow the “Friedman Economic Model” is that by outsourcing we are actually helping people all over the world have better lives. We are also able to become more efficient at what we do because we outsource.
And although many believe that outsourcing takes away American jobs, something that the union purports in the media rather strongly during an economic recession, we must also realize that during the last upward trend in the business cycle the unemployment rate was at an all-time low of 4.5% a rate that is unheard of anywhere in the world. Why you ask, well, because our productivity had gone through the roof and our economic engine in the United States was firing on all cylinders.
Interestingly enough, no one was complaining about outsourcing then, as companies and corporations were scrambling to find labor anywhere in the world, not necessarily the cheapest labor, they were looking for labor that could get the job done to keep up with pace of the demand. Over the last two years, I’ve written hundreds of articles on economics, and over 40 articles on the topic of outsourcing.
What I found is; it is one of the most understood strategies in corporate America.
If you plan on writing articles for the general public on outsourcing, you owe it to yourself to read Milton Friedman’s “The Right to Choose,” as well as Ayn Rand’s “Atlas Shrugged,” and learn a little bit about free-market economies before you trash outsourcing.
If you do this, you will have a better understanding about the articles you write, and you will be able to better set forth your arguments on the topic. I surely hope you will please consider all this when preparing such online content.