Outsourcing

CNN business commentator Lou Dobbs keeps a ″hit list″ of corporations that send jobs overseas. Such actions are decidedly un-American, Dobbs opines, whenever he gets a chance to express his view against outsourcing, John Kerry had a name for heads of companies that outsourced telemarketing projects, customer services, and other white-collar jobs to foreign countries: he called them ″ Benedict Arnold CEO′s″. Objectively, discuss the economics of outsourcing.