Market Correction

Faux Fact
18 May 2007

The Editor, New York Times
229 West 43rd St.
New York, NY 10036

To the Editor:

Jeff Faux asserts that recent trade deals have resulted in "more off-shoring of jobs" (Letters, May 18). He exaggerates terribly. In a new study, Jacob Funk Kirkegaard examined the causes of all layoffs in the U.S. of 50 workers or more in 2004 and 2005. He found that off-shoring is responsible for less than five percent of these job losses.*

A myth is not made true by incessant repetition.

Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Fairfax, VA 22030
703-993-1157 (office)
703-993-1133 (fax)
703-426-9299 (home)
571-426-5751 (cell)
dboudrea@gmu.edu

* http://www.iie.com/publications/interstitial.cfm?ResearchID=730
Posted by Don Boudreaux on Thursday January 10, 2008 at 10:58am

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