Does outsourcing create a problem for local economies?

There’s an argument that outsourcing to cheaper countries overseas creates job losses and disadvantages the local economy. That’s part of the argument Donald Trump is using to negotiate a new trade deal with China. What does Prof Steve Keen think? Phil Dobbie asks him, ‘if that’s the problem, why are we seeing such low levels of unemployment right now?’ Hosted on Acast. See acast.com/privacy for more information.