If you agree that this is a dumb moved to send millions of jobs to overseas. I can tell that your brain and your eyes function in a parallel way. I am not an economic expert nor a financial specialist or I took any business class before. But I am a man of vision and insight. The reason US corps are so wealthy not only because of the local US markets. US has been exporting tons of services and products to the entire world. Outsourcing might seems bad to American esp non management individual. But in the long term, there will be gained and no loss.
US is creating job opportunity overseas, outsourcing increased China living standards. That means US corps will have more consumers. China, the largest populations in the world are affords to buy more services and products from the world.
US is not the only country to outsource to China. Countries like Japan, Korea and German are heavily outsourcing their jobs as well. If US don’t outsource to China, US corps are not be able to compete with other countries product and everyone in the world including American will chose to buy cheaper products from Japan or Korea. Because they made a right choice. Only fool will think outsourcing to China is a dumb move. As long as US still a country that invents new things + offers cheap products, US will continue to lead the world.