Labor Arbitrage Quotes

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

We have seen numerous instances in which American businesses have brought in foreign skilled workers after having laid off skilled American workers, simply because they can get the foreign workers more cheaply. It has become a major means of circumventing the costs of paying skilled American workers or the costs of training them.

We have offshored a lot of our industry for critical supplies, critical health care supplies, and critical medicines to save money.

The entire business world has figured out how to make huge buckets of money without hiring us to work for them.

What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand.

Businesses are no longer receiving the cost savings from outsourcing that they once did.

Big Business wants cheap labor costs.

The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it.

There are companies that are cutting their costs by over 50% by offshoring.

Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.