I’m sure that hundreds of thousands of Americans whose jobs have left the country couldn’t agree more:
The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said Monday.
The embrace of foreign outsourcing, an accelerating trend that has contributed to U.S. job losses in recent years and has become an issue in the 2004 elections, is contained in the president’s annual report to Congress on the health of the economy.
“Outsourcing is just a new way of doing international trade,” said N. Gregory Mankiw, chairman of Bush’s Council of Economic Advisors, which prepared the report. “More things are tradable than were tradable in the past. And that’s a good thing.”
Granted, the world economy evolves, change is inevitable, jobs will move around the world–I get that. But this is an extremely sterile view of people’s livelihoods. It almost sounds as if the administration is a corporate unit calculating U.S. employment as the cost of doing business–wait, maybe it is.
Senator Edwards summed things up very succinctly:
“These people,” he said of the Bush administration, “what planet do they live on? They are so out of touch.”