Monday, May 8, 2017

Quote of the Day: 8 May 2017

"Throughout history the rise in outsourcing has paralleled a rise in prodcutivity, a rise in human opportunities and accomplishments, and a rise in global living standards. This is not a coincidence; economics indicates that outsourcing is not a bane to our economic health, but a core component of economic progress." -Tyler Watts

[This is an economic truth that populists of many stripes do not understand. They cannot see how outsourcing frees up labor to be directed toward more productive ends. They are also under the false impression that those jobs rightly belong to themselves or someone they know.]

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