With the recent unemployment numbers in, with roughly 120,000 new jobs last month, and the unemployment down to 5.6% it’s time to discuss an unpopular argument. That sending tech jobs overseas is actually good.
To understand this argument you have to concede three points.
1. The United States is the driving force for economics in the world. We have one of the highest standards of living, and produce most of what the world uses.
2. The United States is the primary engine for technological innovation for the world.
3. We have the hardest working and best trained workforce in the world.
A common double standard by economic liberals is that that we should not send jobs overseas, but on the same hand, it’s unfortunate that we as Americans have the lion’s share of jobs, money, and prosperity in the world. We should share the wealth so to speak. Well, we do. And we should.
Jobs like computer programming and tech support, which cost a lot to do here, are sent to places like India where labor is cheaper. That frees up capital for investments in new technology and industries here. In turn the economies of second and third world countries benefit from support jobs. They have more money to spend on products and services our streamlined industries have to offer.
We all benefit. They have more money, prosperity, and wealth. And we have more money for new technologies, which in turn, will create more jobs here, It’s a continually rising cycle.
The arguments going on against job exportation now also went on in the 1980′s when steel and auto jobs left the United States for places like Japan. It would be feared we would lose our place as economic leader. People feared Japan taking over the world. (so to speak) But for every job we lost to that exportation of jobs, more were gained in new fields like high technology, financial, communication, and service industries.
Economies continually cycle upward and change. One hundred years ago many people were coal miners, steel workers, and railroad engineers. Today those jobs have been replaced by jobs in new sectors unheard of then. The exportation of jobs then lead to investments in the future. The future we live now.
We all benefit in the long run when jobs are exported. The economies of second and third world countries rise. Their spending power is increased and they are more likely to purchase goods and services offered by, and produced, by American companies.
We have a stronger, more efficient workforce which is able to invest in capital, new technology, and research. Our standard of living rises with the tides of others.
We will also be seen as a force of good in the World. The prosperity of our economy drives the growth of others. The whole world benefits.
And that is good.