Outsourcing: What’s the true impact?

Source: Steven Pearlstein, The Washington Post

The battle has been going on since at least the 1880s, when the first New England textile mills began moving production to the Carolinas. Whatever name it goes by — “runaway plants,” “outsourcing,” “global sourcing,” “offshoring”— workers and the public tend to hate it, executives view it as inevitable and economists defend it as part of the painful process by which market economies prosper.

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