When Trade is Free, the U.S. Gains Investment and Jobs

Bryan Riley / April 13, 2011

The argument against U.S. companies investing abroad typically goes as follows: “Companies are just trying to substitute cheap foreign labor for expensive U.S. labor. The United States loses jobs, capital, and technology when companies go offshore to employ cheaper foreign labor.”

While that may be true for individual companies, the data show that overall, “offshoring” from other countries to the U.S. is greatly benefitting the American economy. (more…)