The brothers Jens talk finance, economics, and the like.
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Bureau of Labor Statistics
Bloomberg data
Louis Rukeyser
Company News and Research
Yahoo Finance
MSN stock research
Quicken
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Marginal Revolution
The Knowledge Problem
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Dollars and Jens
Tuesday, March 16, 2004
Outsourcing
The other day, I caught a fellow from the Cato Institute discussing outsourcing on CNBC's Kudlow and Cramer. Two interesting points he made:
- The number one exporter of services in the world? As you might guess, that would be us.
- He showed a chart of the number of manufacturing jobs vs. time. There was a significant decline. The graph, he pointed out, was of manufacturing jobs in China. Outsourcing isn't causing a decline in manufacturing jobs -- productivity is causing the decline, just as it caused a decline in agricultural jobs a century ago.
- posted by Steven @ 7:59 PM
