Betsy Elliott Introduction Question #6

While reading only the intro to Naked Economics, the seems as the only thing in High School that I will actually need to use in the real world. Charles Wheelan has two main reasons for writing  his book, the second reason was the one that stood out to me. He writes, "...many of our brightest citizens are economically illiterate...just about every political debate includes an assertion by one or more candidate that outsourcing and globalization are 'stealing' American jobs, leaving us poorer and more likely to be unemployed" (XViii). This brought me back to the hanger issue we talked about in class. When your outsourcing some goods are way cheaper than the original price in America due to the cheap labor costs from outsourcing. Bringing jobs back to the U.S. may help the unemployment rate but if goods are more expensive this may cause companies to go out of business. More jobs will be lost and the unemployment rate will continue to increase if companies close.