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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."

3 of 686 comments (clear)

  1. Reg Free Link - No Karma Whoring by Anonymous Coward · · Score: 5, Informative

    And here is the Reg-Free link.

    In the future please use the NY Times Blog Link Generator when linking to the soul suckers.

  2. Wal - Mart by Aggrazel · · Score: 5, Informative

    Love those pickles

    Walmart, by itself, can combat inflation. However, at what cost?

  3. Fast Company article by sometwo · · Score: 5, Informative

    "The Wal-Mart You Don't Know
    The giant retailer's low prices often come with a high cost. Wal-Mart's relentless pressure can crush the companies it does business with and force them to send jobs overseas. Are we shopping our way straight to the unemployment line?" : http://www.fastcompany.com/magazine/77/walmart.htm l