Outsource / Insource

The Insourcing Boom – Charles Fishman – The Atlantic. This is a very compelling description of why a lot of North American manufacturers are pulling back from sending their production overseas. This is nice, but many of these North American factories have a starting wage of slightly over $10.

We need to have unemployment down well under 5% so that demand for workers raises wages. We also need to ensure that part time employees are eligible for the same benefits as full time employees – thus eliminating any benefit to working a few hours a week.

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