Can Globalization and Outsourcing Be Blamed?
Also released this week, and related to the negative change of U.S. manufacturing employment, is a new working paper by members of the National Bureau of Economic Research. Outsourcing Jobs? Multinationals and US Employment, by Ann Harrison and Margaret McMillan, examines the labor market decisions of U.S. multinationals at home and abroad for the years 1977 to 1999. Using firm level data collected by the U.S. Bureau of Economic Analysis, the authors econometric model reveals changes in the employment and operations of U.S.