Outsourcing sounds fine but the reason America and other European countries have chronic high unemployment is because most of the manufacturing jobs have gone to Asia.
Manufacturing produces the most jobs.
Its the reason why America has a massive trade imbalance and a huge budget deficit.
Those jobs create income and taxes and the wealth is being transferred from countries like America to Asia.
America and other countries are on a slippery slope to poverty because of this and most people do not even know it.
Australia would be in the same position if it was not for our mining, you cannot outsource iron ore and coal deposits.
America now has 50 Million people living below the poverty line. In 20 years they will have 150 million people below the poverty line. Spain has 26% youth unemployment while Foxconn in China who makes everything for Apple and other companies has factory cities with 300,000 people working in them.
Read this article.
How the U.S. Lost Out on iPhone Work
http://www.nytimes.com/2012/01/22/b...ss.html?_r=2&ref=charlesduhigg&pagewanted=all