Nafta

[youbet]

Unfortunately, the next stop seems to be back-office white collar jobs. IT, Accounting, HR, etc. Hopefully the outsourcing will be domestic.

That's what the efficient allocation of labor and capital is all about I guess. You certainly can't argue against it on the basis of competitive advantage. If some code writer in India, or wherever, can be 50% as productive as their competition in the USA but is willing to work for 25% of the wages/benefits, then that is where the work should go.

Both Dem candidates include a bit of protectionism in their platforms. So, we'll see what happens after the Dem convention and the general election.