Outsourcing to China

Many people may see this video quite bias. However, it does enumerate benefits of outsourcing jobs abroad. Outsourcing is a sign of globalization which many people think is a good thing. I personally believe a country does not experience economic loss by outsourcing because the businesses are actually making more profit. In a world of Free Trade, we have to consider the opportunity cost of our decisions. For example, we can have 500 workers working in the fabric factory in United States, the company pays these workers $20,000 in total, but with the same amount of money, this company would have 1000 workers in India which increased the productivity.

Following is a video from TheOnion about outsourcing, which I believe actually hinted some negative effects outsourcing have on American society.