Bush, Adviser Assailed for Stance on 'Offshoring' Jobs
By Jonathan Weisman
Washington Post Staff Writer
Wednesday, February 11, 2004
-snip-
"Outsourcing is just a new way of doing international trade," Mankiw told
reporters. "More things are tradable than were tradable in the past and
that's a good thing."
The report itself, under Bush's signature, offered similarly encouraging
words, asserting that "when a good or service is produced more cheaply
abroad, it makes more sense to import it than make or provide it
domestically." It also said growing competition with China has not been an
important factor in U.S. manufacturing job losses.
-cont.-
http://www.washingtonpost.com/wp-dyn/articles/A30194-2004Feb10.html
------------------------------------------
Most US workers saw their earnings fall or stagnate last year, with those at
the bottom of the income scale hit hardest.
The trend, coming alongside a slack job market, explains why many Americans
feel left out of the economic recovery - and why President Bush faces a
tough sell with his campaign-trail message that there is "good strong
growth." Democratic rivals point to "two Americas," one for the rich, one
for the poor.
http://www.csmonitor.com/2004/0211/p03s01-usec.html
.
|
