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More worrisome are the protectionist outbursts against the overseas outsourcing of jobs.
Earlier this month, Gregory Mankiw, chairman of the White House Council of Economic Advisers, created a stir when he said the overseas outsourcing of jobs is probably a good thing in the long run.
C1 Shortage of Foreign Workers Many employers across the country are sounding alarms about an impending shortage of foreign temporary workers this summer, even as politicians rail against the loss of jobs to overseas outsourcing.
Giants like Bain, McKinsey and Deloitte Consulting are jumping in, particularly into overseas outsourcing.
With the overseas outsourcing of "traditional" jobs such as manufacturing, today's youth need to explore and study new subjects.
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Global competition for jobs, including manufacturing overseas and outsourcing for professional services has been a trend in place in recent decades, but still plays into the US wage outlook, according to John Lonski, managing director at Moody's Analytics.
Either way, Mr. Raimondo's withdrawal represented an early tactical victory by the Kerry campaign, which moved aggressively to undercut Mr. Bush in a week when he was trying to strike back at Mr. Kerry on an issue -- the shifting of American jobs overseas, or "outsourcing" -- that has become a major political problem for the White House.
Moreover, the labor bureau arrived at its numbers simply by asking companies that reported extended mass layoffs whether they had moved any work to another location overseas or outsourced them to another company abroad.
The banks can lend money to corporations that open plants overseas and outsource jobs, or they can simply invest in other nations' economies.
Labor unions view these new jobs as replacements for positions lost to overseas manufacturing and outsourcing.
In an "open letter" to viewers on Tuesday she bemoaned the loss of American jobs to outsourcing overseas.
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