Global outsourcing has cost the U.S. economy more than 3 million jobs since 2001, three-quarters of which
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Global outsourcing has cost the U.S. economy more than 3 million jobs since 2001, three-quarters of which have been in the manufacturing industry.
a. How does outsourcing affect the bargaining power of U.S. workers and the bargaining power of U.S. employers?
b. What will it likely do to the overall level of U.S. workers’ wages?
c. What will it likely do to lawyers’ wages?
d. If you stated that it affected lawyers’ wages differently, do you believe that the U.S. policy response to outsourcing would be different? (Post-Keynesian)
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a Outsourcing tends to undermine the bargaining powe...View the full answer
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