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Paul Samuelson Challenges Outsourcing

Posted by ryuzaki0 on from the they-took-our-jobs dept.

Noryungi writes "Paul A. Samuelson, Nobel Laureate in Economics, a professor at MIT challenges the outsourcing of jobs (retinal scan login required) to India and China. Choice quote: To put things in simplified terms, he explained in the interview, being able to purchase groceries 20 percent cheaper at Wal-Mart does not necessarily make up for the wage losses."

1 of 686 comments (clear)

  1. Re:Easy answer... by Rubberpants.net · · Score: 5, Funny

    My $.02.

    Good comment but still too expensive.