Wanna go to Trump U?
I got an e-mail from Trump University, which is evidently recruiting. So, the Donald, what will you teach me? How to fire people on TV? Sing in overalls?
I looked at the Web site. You know what? It's neat and clean. Trump himself treats small business owners, at least publicly, with deference and respect. His blog is very interesting and people are responding to it. Here's an example:
I understand that outsourcing means that employees lose jobs. Because work is often outsourced to other countries, it means Americans lose jobs. In other cases, nonunion employees get the work. Losing jobs is never a good thing, but we have to look at the bigger picture.Never mind the holes in the argument, even the principal fallacy that companies making more money automatically funnel that money into the economy, instead of, say, CEO salaries. Trump deserves credit for hanging the issue out there, for not treating his rant on it as gospel, and for hosting some of the many payback opinions he generates.
Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs.
My guess is that if his "university" works the same way as its Web site, it may be a useful tool for entrepreneurs. Let's keep our eyes on it.
Labels: diversions
posted by Ron @ 9:57 AM
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