Monday, April 05, 2004

Having been bitten once by something published

on April First, I encourage caution about this, though I believe it.

Ten Myths about Jobs and Outsourcing
by Tim Kane, Brett Schaefer, and Alison Fraser
WebMemo #467

The plain facts, however, lay all of today’s myths about outsourcing to rest. But there is still a real danger that politicians working with incomplete or incorrect information will hobble American competitiveness. Scapegoating poor Third World countries, “Benedict Arnold CEOs,” and free trade will not improve the U.S. economy or labor market, but would likely cause great harm. Robert McTeer of the Federal Reserve Bank of Dallas summed up the promise of government action on outsourcing well: “If we are lucky, we can get through the year without doing something really, really stupid.”

That's the real issue folks. Don't say, "There oughta be a law." How many Congressmen do you trust?

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