The Ignorant Investor

You knew it was coming. Worried over your job being shipped offshore? Don't worry- it's actually going to increase the money you earn. There's free lunch for everyone, say two economics professors:

JACKSON HOLE, Wyoming (Reuters) - Take that, Lou Dobbs. Despite much handwringing and political posturing, the surge of job outsourcing, by increasing productivity, has actually helped raise real wages for low-skilled U.S. workers, according to two Princeton University economists

I'm willing to keep an open mind, but it's hard to see how offshoring increases the income levels of laid-off auto workers. And it's hard to trust economists in this day and age when economists see themselves as the intellectual vanguard for the forces of multi-national capitalism. So why do I have the feeling that most of the people who quote this study on CNBC and Fox News will have done no more than read the abstract, if that?