Peter Schiff talks about Outsourcing among other things
This guy, founder of Euro Pacific Capital, speaks with TheStreet.com’s Gregg Greenberg about the dollar, US economy and outsourcing. This guy’s views make sense to me.
Regarding outsourcing, one of the key things he points out is around 3-4 minutes into the video. He says “Outsourcing is not about low cost labor alone. Germany has higher wages than the US but still has a trade surplus with China”. Interesting viewpoint…I wonder if he is just saying that or actually has numbers to back that claim…If that is indeed true, then I do think this is a super important thing that the Obama administration should take a serious look at.
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September 23rd, 2009 at 4:53 pm
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March 5th, 2010 at 6:59 am
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