outsourcing

Automation, Outsourcing, and Bad Economic Propaganda

While on the internet one day, I noticed some media outlets have numerous bold headlines about any one pending economic horror. Many of these claims are based on bad economics and poor analysis of statistics. In a sort of economic propaganda, politicians use this as a means to justify power grabs. They’ll want to enact some form of trade barrier or labor regulation, which can sound good on the surface. In reality, offshoring and automation have increased living standards and alleviated poverty not just at home, but around the world.

(more…)

Advertisements