Bringing the Jobs Home: How the Left Created the Outsourcing Crisis, and How We Can Fix It
Recorded on March 9, 2005
Location: The Heritage Foundation's Van Andel Center
Every night on the news, it's the same story: More American jobs
are moving from Indiana to Indonesia, New Jersey to New Delhi,
California to Calcutta. High-paying technology and
middle-management jobs - the ones we most want to keep inside our
borders - are being lost to foreign workers who provide cheaper
labor. The giant sucking sound is no longer just heard in factories
and rural areas.
Politicians on the left blame this outsourcing phenomenon on
capitalist greed and "Benedict Arnold CEOs" who care about nothing
but the bottom line. Todd Buchholz exposes the myth behind that and
other gross mischaracterizations. Isn't American business doing
exactly what it is supposed to: cutting costs, staying competitive,
operating efficiently, making sound decisions for
Instead, we should consider the off-shoring of American jobs as a
major warning bell: After decades of failed government policies
coming from anti-business liberals, the United States is getting
soft around the middle and less competitive on the world stage.
Buchholz uncovers the truth about the outsourcing crisis and,
unlike anti-business critics, offers meaningful solutions that can
make us muscular and competitive on the world stage again.
TODD BUCHHOLZ is an internationally known commentator on the
world economy, technology, and financial markets. He is a former
White House Director of Economic Policy under President George H.
W. Bush and has advised investment firms such as the Soros Fund,
Goldman Sachs, and Tiger Management. A regular commentator on
the PBS Nightly Business Report, he often appears on CBS,
CNN, and CNBC. Buchholz is the author of New Ideas from Dead
Economists, Market Shock, and From Here to
Economy. He is a recipient of Harvard University's annual
teaching prize, awarded by Martin S. Feldstein.