Story doesn't match its title. Bulk of discussion concerns the accuracy of GDP and productivity figures. Author asserts that the government is not getting these numbers right. Sources and support of his argument are weak. The statistics are important, and if they are in error they effect much more than just off shoring. This article was summarized in Saturday's Wall St Journal.

This story tries to take on an important issue, and fails utterly - the reader is left with no clear understanding of what the statistical anomaly really is, or even if it exists, or why; what could be done better; or what the policy implications for future data collection would be. This is really just a fear-mongering piece about the evils of globalization, and the "questionable" statistics are the only excuse for even running the story. Dreadful journalism, and one of the reasons I ... More »

The story is about defficiencies that affect the validity of government economic statistics, which affects the validity of business analysis, government policy, and the political calculus. The story is largely about uncertainty in the current statistics, rather than an identified specific error. It also ignores other productivity factors that may not be correctly incorporated that may add to the problems.

Yes, it is long overdue. This is a problem which has been completely ignored by the government and the business community. When the American (former, now unemployed) worker can not afford to purchase the cheap product produced overseas, the system will finally fail.