Roberts trumps Stossel
A few weeks ago, I impugned the intelligence of ABC's grandstander John Stossel. Today, Paul Craig Roberts backs me up:
In debunking Lou Dobbs' concern with US jobs lost to offshore outsourcing, Stossel invokes the California-based company, Collabnet. He quotes the CEO's claim that outsourcing saves his company money and lets him hire more Americans. Turning to Collabnet's web page, it is very interesting to see the employment opportunities that the company posts for the US and for India.
In India, Collabnet has openings for 8 engineers, a sales engineer, a technical writer, and a tele-marketing representative. In the US, Collabnet has openings for one engineer, a receptionist/office assistant, and positions in marketing, sales, services, and operations. Collabnet is a perfect example of what Lou Dobbs and I report: the engineering and design jobs move abroad, and Americans are employed to sell and market the foreign made products.
Stossel simply does not know enough economics to be aware that he is being used. The bought-and-paid-for-economists are simply earning their living and their grants by serving the interests of corporate outsourcers.