American Quote by Vivek Wadhwa
“Outsourcing was the bogeyman of the '90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.”
About This Quote
Source Speech: Interview on Globalization, 2010
Outsourcing expands overall economic output despite shifting specific jobs abroad.
In simple terms: Outsourcing grows the global pie, though some jobs move.
Embrace global collaboration while supporting displaced workers.
Themes
Mood
Type
When to use this quote
- government policy
- corporate strategy
- career planning
- education and
- community support
Key Concepts
Questions to Reflect On
- How can societies balance efficiency gains with job security?
- What policies help workers transition?
Benefits may be uneven; workers may need retraining and support.