They say that a mind is a terrible thing to waste. Nowadays, though, 6.7 million young adults in this country are out of school and at best marginally employed. And although the rhetoric on the campaign trail would make us think otherwise, our squandering of our most vital national resource is a far graver threat to our economy than outsourcing. The diminished standing of our workforce is undoubtedly more pernicious to this country than cheap labor abroad.
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Businesses are no longer receiving the cost savings from outsourcing that they once did. Indeed,fewer than 300,000 jobs per year are projected to be lost to foreign competition in the years to come. What we do observe from employers leaving our shores, though, is a belief that foreign workers are more motivated and better prepared for the work, especially for entry level roles. An errant point of view has taken hold in the public and corporate spheres: that America's young people, especially those who grew up on the wrong side of the Opportunity Divide, are not assets to our economy but liabilities, ill-suited for the work demanded of them and not worthy of investment.
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