Twenty years after Clinton signed NAFTA into law, Global Trade Watch reports a 450 percent increase in the U.S. trade deficit, resulting in the export of almost one million jobs, and downward pressure on wages.
If U.S. employers want American workers to have stable job opportunities, it's time to start implementing a hybrid model of offshore/onshore labor and use new technology and product development methodology in order to sustain growth in the U.S.
With tough economic times continuing, leading businesses that previously looked for outsourcing opportunities to now bring some of those business functions back in house. It's a reversal of the 'D-I-F-M' (or do-it-for-me) trend back to 'D-I-Y' (do-it-yourself).
In this political environment, it's embarrassing to admit my habit. I frequently hang out with other outsourcers. For many of us outsourcing is a quick high and a way to feel... oh, I don't know... cool and (dare I say it) profitable.
We rely on our universities to be on the cutting edge of academic excellence. Yet, our educational institutions are outsourcing to people in foreign countries something as fundamental to education as grading term papers and final exams.
It has never been capitalism or even the financial industry being attacked when Bain's style of operating is the subject: it is the worst kind of vampire capitalism that the Obama campaign is going after.
The overall narrative being created by the Obama campaign is clear: Romney has through his business practices supported outsourcing in the past, and is likely to in the future -- unlike President Obama. Unfortunately, the story is not that simple.
Most of the punditry continues to assume that the die is cast -- that Republicans will win control of the House this fall. Certainly that outcome is entirely possible. But there is a Democratic path to victory next Tuesday.
Sending smokestack industries to distant shores in search of cheap labor markets to make the things we consume may lessen the carbon footprint of our economies, but it doesn't do much for the global footprint.