Tag Archives: input costs

An Elder Challenges Outsourcing’s Orthodoxy

2004.09.09 – 1:30 pm PDT

…
Sure, Mr. Samuelson writes, the mainstream economists acknowledge that some people will gain and others will suffer in the short term, but they quickly add that “the gains of the American winners are big enough to more than compensate for the losers.”
That assumption, so widely shared by economists, is “only an innuendo,” Mr. Samuelson writes. [...]

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