According to Francisco J. Sanchez, the best way to bring prosperity to Americans is to share our industries with the world at large. The idea may sound counterintuitive at first, but when you look at the numbers, you start to see a fuller picture.
Adjusted for inflation, in 1964, US-Canada trade totaled $68 billion, and US-Mexico trade totaled $13 billion. Today, those numbers have leapt to $632 billion and $506 billion respectively. When aspects of the supply chain are outsourced overseas, Sanchez acknowledges there is an initial job loss domestically. But he suggests that to not use the myriad superior resources available globally would be to deny Americans the highest possible standard of living.
After all, other countries outsource a substantial part of their supply chains to the United States as well. For instance, “Honda recently reported that its U.S. vehicle exports exceeded its Japanese imports for the first time last year. Out of the 1.3 million vehicles made in the US, 108,705 were exported to fifty countries.” When countries employ each other, jobs appear on both sides of the fence, and financial growth occurs in the most efficient and natural way. You can read Sanchez’s full article here: http://www.brookings.edu/blogs/the-avenue/posts/2014/05/27-supply-chains-jobs-sanchez