Off-Shoring, Déjà Vu
Every 15 years or so, we’re told that America’s economy faces a grave danger because of the loss of jobs to foreign companies.
Forty-five years ago, low-wage workers in European countries were the threat.
Thirty years ago, Americans feared the loss of jobs to cheap competition from Japan.
Thirteen years ago, Ross Perot howled about the “giant sucking sound” as U.S. manufacturing jobs supposedly disappeared across the Rio Grande to Mexico.
Today, pundits are anxious about white-col.....