Made in America

[TheOtherGuy]

Originally Posted by JackS

I'm going to stop you right here. This statement shows a remarkable lack of understanding about the basic principles of economics, specifically regarding international trade. Trading with other countries HAS NO EFFECT on the number of jobs in the US economy. The unemployment rate is controlled entirely by macroeconomic policies set by Congress and the Federal Reserve.

I can't imagine outsourcing having absolutely no effect on the unemployment rate here. If I fire someone and outsource their work to a foreign entity, I've affected the number of unemployed people here. Internal purchases keep money in the US economy; outsourcing does not.

Caveat: Not an economics major. But neither is anyone else in this thread.