One of the strengths of the U.S. economy is its ability to most efficiently employ resources both domestically and from around the world and outsourcing is one such example of this.
What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.
The U.S. economy and workers benefit from a strong, healthy relationship between government and business.
The inevitable campaign for 'gender balance' in Silicon Valley will also be indifferent to the fact that females are fast surpassing males in other sectors of the U.S. economy.
How much greater would their contributions to the U.S. economy be if U.S. copyright owners could access foreign markets otherwise dominated by pirate product?
The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.
Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.
Workers want to be paid an honest, fair wage for the work they do. They want to be able to provide for their families by being justly compensated for their part in helping grow the U.S. economy. They deserve to be able to put food on the table and receive health care and other benefits.
The problem is not that the U.S. economy won't be able to take care of its citizens - it is that taking away benefits, creating intergenerational warfare, and scapegoating will make for very difficult and bad politics. This is a tragedy that we can see coming. Early action would be relatively painless.
In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.
