The Costs of Protectionism

by Russ Roberts on September 19, 2008

in Work

This video from the Onion (rated R for language) brilliantly captures half of the economics of outsourcing. It misses the fact that by allowing jobs to be done more cheaply abroad, there are gains to Americans from lower prices helping to increase our standard of living. But, hey, it’s only two minutes and seventeen seconds. I should be so efficient. (HT: Noah Silbert)

Comments

{ 3 comments }

colson September 19, 2008 at 10:40 am

That is classic! I think it ranks up there with the economic losses the Onion mentioned in the Anti-Bush-Merchandise Market Collapse

K Foster September 19, 2008 at 11:00 am

"Yes we can!"

Frederick Davies September 19, 2008 at 11:40 am

Trust an Onion to make you laugh until your tears well up.

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