Relentless Pursuit of Wisdom and Liberty

The weblog companion of, dedicated to pondering, "If Patrick Henry could see us now..."

Wednesday, January 26, 2005

Walter Williams on the outsourcing myth

Fantastic article about outsourcing (or, more accurately, the lack thereof):
The number of U.S. manufacturing jobs has fallen, but it has little to do with outsourcing and a lot to do with technological innovation – and it's a worldwide phenomenon. During the seven years from 1995 through 2002, Drezner notes, U.S. manufacturing employment fell by 11 percent. Globally, manufacturing jobs fell by 11 percent. China lost 15 percent of its manufacturing jobs, and Brazil lost 20 percent. But guess what. Globally, manufacturing output rose by 30 percent during the same period. Technological progress is the primary cause for the decrease in manufacturing jobs.
So next time someone rails against the loss of manufacturing jobs in the U.S., ask them if they know how many net manufacturing jobs were lost worldwide. Dollars to doughnuts they don't know it's the same percentage.


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