Title: Outsourcing

Essay Details

Subject: Technology
Author: David H
Date: March 11, 2016
Level: University
Grade: A
Length: 2 / 310
No of views: 0
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Essay text:

After China took over Hong Kong, it created various new benefits for workers -- and unemployment rates hit 7 percent, not high by European standards, but a multiple of what it had been for years. What all this says, in various ways, is that there is no free lunch -- not even during election years...

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But Presidents don't create jobs. The most a President can do is have policies that allow private employers to create jobs. Foolish policies can destroy jobs and prolong a recession or depression but Presidents cannot "grow the economy," no matter what political rhetoric says. Of course the government can hire more people or favor a particular industry in one way or another, and thereby cause employment to be greater in that particular industry...

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