From N. Gregory Mankiw, Chairman of Bush's Council of Economic Advisers:
Outsourcing is just a new way of doing international trade. We're very used to goods being produced abroad and being shipped here on ships or planes. What we're not used to is services being produced abroad and being sent here over the Internet or telephone wires. The economics is basically the same. More things are tradable than were tradable in the past and that's a good thing.
Oh, not to worry: there's always the (low-paid, benefits-impaired) service industries; at least until they go down the tubes because no one has the money to buy anything.
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