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I need a response to the following discussion question. Offshoring and outsourcing has increased unemployment rates in the U.
I need a response to the following discussion question.
Offshoring and outsourcing has increased unemployment rates in the U.S., but one may argue that laying off people due to technology advances (manual labor being replaced with cheaper automated process) would be similar to laying off people due to cheaper alternatives such as offshoring... but in either case, jobs are not lost but transformed... meaning that the economy is doing well and there would be other job openings somewhere else in another industry, which may temporarily lead to structural unemployment. How would you respond to this argument?
