Reveals just how much outsourcing is taking place, what its impact is and will be, and what can be done about the loss of jobs. One of the hottest topics in the news, outsourcing is extending well beyond the manufacturing sector to include white collar professionals.
During the same trip in 2009-2010, when I accompanied someone to research for the housing crisis, we also met a number of people who became victim to this large-scale outsourcing and the changing of American job-market structure that replaced the permanent jobs by temporary contracts. Those of us who know the two songs by Bruce Springsteen, 'My hometown' and 'Death to my hometown', can easily relate to our memories of bustling American and European towns turning into ghost towns. In France, despite the decentralization of the French businesses from Paris, this ghost-like feel still lingers and hunts those who lost their jobs when major French employers shipped their production and services jobs to China, India, Vietnam, and Burma. Covid hasn't helped them to return!
As a person who first came to the US on a H-1B visa in the late 90s I used to follow Ron Hira and Vivek Wadhwa - who were on two different of ends of the H-1B debate. I thought Ron's anti outsourcing/ H-1B was wrong. Now, I think he was quick to identify the issues. The program was created in early 90s as a temporary program to address STEM talent gap. After 35yrs if the economy still depends on it, it means the root cause has not been addressed. Now, that doesn't explain why unemployment among recent CS grads in the US is double that for others. You may say they are not as talented as H-1B. Then, why is the world sending its students to the US to study? H-1B offers US cheap labor to keep America 'competitive'. It is important to realize that corporations have no national loyalties or moralities and our govt/ education system has been captured by them.
I took a class on economics before reading this book, and I would recommend having some understanding of economics before reading it. That being said, I liked this book a lot. It wasn't sappy, it just underlined the economic problems of outsourcing and what we should do to lessen the negative impacts.