Outsourcing seems like its going to be a big campaign issue, with both Edwards and Kerry spending lots of time talking about it. We've discussed it at length on this blog
I wonder, what are the real policy options for dealing with American job loss to workers in poorer countries? My list of options seems pretty wimpy and uninspired.
I'd like to learn what you all have heard or thought about dealing with this.
Let's work from the following assumptions (start another thread if you don't agree with these) :
a. Free trade of goods, services, and labor is a generally positive thing
b. Its important to keep Americans employed in good, high-paying jobs, with an acceptable unemployment rate (say 4 to 6%)
To start things off:
For the recently fired:
- A strong safety net, with unemployment and health benefits
- Strong re-education, training program so people get the latest skills
- Support for helping find new jobs (although I'm skeptical about this because of Monster.com, and that most good jobs are gotten through social networking)
Education and research
- Strong K to 12 education system
- Continue American leadership in its university and community college system
- Strong government support for both basic and applied research to keep America at the leading edge of the technology curve
- Create government paid jobs in slumps
Don't give tax credits to firms who outsource. OK... I'll be honest, I've heard this about a million times, but never have seen the underlying facts, can anyone enlighten me here?
Take no action, allow for lower cost of goods and services in US to create wealth and let the market take its course. (we've seen that, politically, this don't fly)
Recognize that more job loss has happened due to technology, then all the Indians and Chinese put together.
I know there's got to be more then this... this list just doesn't seem to cut the mustard.