Sowell: We Bring Home More Jobs Than We Export

Sowell: We Bring Home More Jobs Than We Export

Thomas Sowell: Manufacturing confusion

Facts are blithely ignored by those who simply assume that low-wage countries have an advantage in international trade. But high-wage countries have been exporting to low-wage countries for centuries. The vast majority of foreign investments by American companies are in high-wage countries, despite great outcries about how multinational corporations are 'exploiting' Third World workers.