Pros And Cons Of Outsourcing Jobs Affecting The US Economy

Words: 577
Pages: 3
Open Document
How Outsourcing Jobs Affect the US Economy
The U.S. outsourcing of jobs to foreign countries appears to be a win-win situation for all countries involved. On the surface, it has its obvious benefits. Job outsourcing enables U.S. business to be more competitive in global markets. In some cases, a company must outsource jobs overseas in order to gain access to the market in that particular country. It also allows U.S. companies to keep labor costs by hiring people in countries with lower standards of living than in the U.S. In return, they are able to offer lower prices to U.S. consumers when the goods are shipped back. For the participating foreign market, it supplies jobs for the locals and allows the government to receive additional tax revenue. Despite all the advantages of outsourcing, there are disadvantages as well. In most instances, companies that outsource to other countries tend to hire low skilled workers which results in Americans working in higher skilled jobs. It is argued that a major negative effect of outsourcing is that it increases U.S. unemployment by taking away jobs from low skilled workers. Even though this may be true in some cases, most of these jobs are tend to compensate at a lower poverty level than the standards in the U.S. But does job being outsourced really affect the bottom line of the economy? …show more content…
2016). In most developing countries, the cost of living is significantly lower than in the United States. That’s why for most US companies, outsourcing makes good business sense. India is
Show More

Related Documents: Pros And Cons Of Outsourcing Jobs Affecting The US Economy

Hosp 310 Complete Course - (Quizes - Assignments - Dqs - Final) - Devry Essay

(Quizes - Assignments - Dqs - Final) - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/HOSP-310-Complete-Course-DeVry-4894898494.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com week 1 discussion Baby Boomer Demand (graded Why are the baby boomers so important? What impact do you see them having on the hospitality industry in the next few years? In the longer-term future?Please refer…

Words 2592 - Pages 11

Essay on My Nigga

Yevgeniy Grabovenko ENG 122 Professor Meixner Essay # 4 On The Pros and Cons of Globalization At the risk of stating the obvious, the world we live in has changed drastically over the last 500 years. From populations of basically homogenous people isolated in their respective countries with very little communication or travel, the advent of modern transportation, communication and trade has transformed the world into a closely knit global community which is growing closer by the minute. Cheap intercontinental…

Words 2526 - Pages 11

Louis Vuitton Moet Hennessy Case Essay

Table of contents Executive Summary 3 Introduction to LVMH 4 Challenges 5 SWOT Analysis 7 Company Analysis 8 Porter 5 Forces Model 13 Industry Analysis 14 Alternatives 17 Recommendations 23 Endnotes 27 Executive Summary Louis Vuitton Moet Hennessy, a luxury goods provider is looking to expand their brand dominance in Asia. In order to expand successfully LVMH must evaluate challenges that may arise…

Words 6628 - Pages 27

Boeing Company Analysis Essay

Boeing [pic] Presented by: Urvishkumar Patel Amitkumar Patel Bhavikkumar Patel Manojkumar Patel Vishal Patel Jonathan Mayes MG - 640 Management Policy Dr. Santanu Borah July 27, 2008 TABLE OF CONTENTS INTRODUCTION 5 Company Overview 5 Boeing Commercial Airplanes 5 Boeing Integrated Defense Systems 6 Boeing Capital Corporation 6 Background 7 Sales/Operations 9 Constituent Contributions to Corporate Portfolio and Revenue 12 Market Share, Revenues…

Words 15965 - Pages 64

Résumé Marketing Management, 14th Edition - Kotler & Keller Essay

KOTLER RESUME Marketing Management Philip Kotler – Kevin Lane Keller SUMMARY PART 1 Understanding Marketing Management 4 Defining Marketing for the 21st Century 4 Developing Marketing Strategies and Plans 5 PART 2 Capturing Marketing Insights 13 Collecting Information and Forecasting Demand 13 Conducting Marketing Research 16 PART 3 Connecting with Customers 18 Creating…

Words 26667 - Pages 107

Managing Information Technology (7th Edition) Essay

CONTENTS: CASE STUDIES CASE STUDY 1 Midsouth Chamber of Commerce (A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Children’s Health Fund of New York City CASE STUDY I-5…

Words 239873 - Pages 960