In the book “Outsourcing America: The True Cost of Shipping Jobs Overseas and What Can Be Done About It” (Published in 2008 by AMACOM, a division of American Management Association). The authors Hira brothers argue that outsourcing jobs overseas is deleterious to the health of the American Economy. To add salt to injury, a University of California study concludes that 14 million white-collar jobs are vulnerable to being outsourced offshore. Given the high rate of unemployment, outsourcing jobs is getting bad press. Lou Dobbs of CNN made a career just on this topic.
Enough gloom, let me narrate a real story about a real company based in California that manufactures a Green Technology product, one that converts radioactive waste to harmless reusable materials. This company has a patented product and builds its machine in California. Guess where the big markets are for this product? No prizes awarded for guessing China and India. The more China and India buy these products, the more jobs in California. Admittedly this is one example, and you cannot extrapolate on a single datum. However, the message is loud and clear. The way for America to forge ahead is innovation.