Offshored? Outsourced?

Mitt Romney seems to have difficulity with those two words—perhaps it's because because he made millions doing both.

America’s workers know, no matter how you define those two words, both mean lost jobs.

More proof of that today:

According to Cornell University study of janitors and security guards, when service sector jobs are outsourced, even within the United States, workers in those jobs are paid lower wages and receive fewer health benefits.

Economist Paul Krugman pointed to this study from Cornell University, which found the outsourcing wage penalty ranged from 4 percent to 7 percent for janitors and from 8 percent to 24 percent for guards, with health benefits similarly hurt. In sum:

Over the past few decades, we have seen a substantial rise in the share of janitors and security guards who are employed by service contractors. These outsourced workers receive lower pay, unionize at substantially lower rates, and are paid lower union wage premia. [Evidence suggests that benefits decrease with outsourcing, both in an absolute sense and in relation to wages.]

As Krugman writes, “Supposedly, [Romney’s] record as a successful businessman should tell us that he knows how to create jobs.” Romney’s  record at Bain Capital, however, tells a different story.

Bain invested in companies that specialized in helping other companies get rid of employees, either in the United States or overall by outsourcing work to outside suppliers and offshoring work to other countries.

How many jobs will our nation lose if Romney is elected president?