Manufacturing Matters in the US

Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a…

World Trade Spin

We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run.…

(Mc)Wages Around the World

It can be tough to compare wages around the world. While lots of people could be called iPhone assemblers or auto workers or t-shirt makers, depending on the country, factory conditions, time off, the work day, all really differ. Not…

Bank Robbers and Structural Unemployment

The number of bank robberies is plunging. Maybe it’s outsourcing…just like manufacturing? During 2011, the number of bank robberies declined to a 9-year trough of close to 5000. The reason, according to one analyst, is technology. As we spend more…

Made in the USA?

One friend recently said to me, “The problem is we don’t make anything anymore!” Disagreeing, a San Francisco Fed report says that 88.5% of consumer spending is for goods and services made here. In addition, businesses are buying US made…

How Do You Disconnect the Internet?

As a Vodafone New Zealand customer, events in Egypt directed affected you. With a Cairo based call center that had to be closed, Vodafone said that people needing assistance waited 7 or 8 minutes for service that was directed elsewhere.…

Outsourcing and Immigration

A recent economics paper provides a surprising solution to those who believe outsourcing is a problem. The story, as explained by George Mason economist Tyler Cowen, involves the connection between offshore jobs and immigration. Traditionally, economists say that offshore jobs…