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Business Week shows offshoring bad for the economy

Obasan (28761) writes | about 7 years ago

Businesses

Obasan writes "A 'gaping flaw' in the way economic numbers are computed may be the cause of a disconnect between GDP growth claims and actual growth, especially in terms of real wages, a phenomenon many of us are at least anecdotally familiar with. Business week calls this gap "phantom-GDP", gains in reported GDP that cannot be correlated with domestic production."
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