Law of comparative advantage, more or less?
Why you should outsource.
@BobMurphyEcon explains that just because you can do a task and do it well, there is still utility in outsourcing that task.
This allows you to focus on what you're really good at and what is most important to you.pic.twitter.com/a9MeMoc55r
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Exactly.
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I have a feeling Bob has never worked on the frontline for an outsourcer. Stack em high, sell em low. Horrible places to work.
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He’s talking about comparative advantage and the division of labor, not actual outsourcing firms.
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Do I ever need to hear this!
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Hiring an employee isn't the same thing as outsourcing. It's the alternative.
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He’s talking about outsourcing individual tasks by hiring people.
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@MackayThomas countdown?
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JP is the perfect counterexample.
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