Outsourcing’s Bad Rap

0 Posted by - July 13, 2012 - Career & Business, Economics, Elections, Money

 Outsourcings Bad RapEven if Mitt Romney sent jobs overseas, is that so terrible?

“Outsourcing” has become such a dirty word that it’s hard to believe there could actually be something called theInternational Assn. of Outsourcing Professionals. What next? The Society of Professional Child Molesters?

The IAOP’s modest claim is that it is “the leading professional association for organizations and individuals involved in transforming the world of business through outsourcing, offshoring and shared services.” The group promotes a list of the 100 “best” outsourcing companies, and even has an annual “Miss Outsourcing” beauty pageant. (That last item’s a joke. The rest is all true.)

In the presidential campaign, President Obama is trying to paint Mitt Romney as an incorrigible outsourcer, as if it were obvious why this is so terrible. Maybe it seems obvious: People lose their jobs when companies transfer parts of their operations overseas. But most economists believe in the theory of free trade, which holds that a nation cannot prosper by denying its citizens the benefit of cheap foreign labor.

CONTINUED at the LA Times.

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