Argument 123

The following appeared as a letter to the editor of a national newspaper.

"Your recent article on corporate downsizing* in the United States is misleading. The article gives the mistaken impression that many competent workers who lost jobs as a result of downsizing face serious economic hardship, often for years, before finding other suitable employment. But this impression is contradicted by a recent report on the United States economy, which found that since 1992 far more jobs have been created than have been eliminated. The report also demonstrates that many of those who lost their jobs have found new employment. Two-thirds of the newly created jobs have been in industries that tend to pay above-average wages, and the vast majority of these jobs are full-time."

Downsizing is the process in which corporations deliberately reduce the number of their employees.

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