The steady outflow of jobs, especially white-collar ones from the US is emerging as a major issue in the US. In recent years, US manufacturing jobs have declined as corporations looked for cheap labor overseas. Still, it was long assumed that service work would provide continued growth for the US and other wealthy nations. But now these white-collar jobs are moving overseas as well. The outsourcing issue has become one of the main debates in the last elections. What are the benefits and costs of outsourcing? Should the US protect jobs by restricting outsourcing such as imposing high tariffs on imports? Would this policy good or bad for US businesses and consumers? Would this policy save jobs overall?

Please read the 'outsourcing' article in Week 15 materials and discuss the outsourcing issue from the economics perspective. Feel free to use other resources and cite your references.