Your Economy (No Politics)

[fuagf]

Thanks Earnie, good article; found this bit

"Recently an economist, Susan Houseman, discovered that the
reliability of some US economics statistics has been impaired
by offshoring. Houseman found that cost reductions achieved
by US firms shifting production offshore are being miscounted
as GDP growth in the US and that productivity gains
achieved by US firms when they move design, research, and
development offshore are showing up as increases in US
productivity. Obviously, production and productivity that
occur abroad are not part of the US domestic economy."

particularly interesting and new.