Offshoring American Jobs

Paper Summary:

An opinion paper which argues that offshoring is not the problem with the American job market. The writer claims that CEOs in companies have only one interest in mind--to inflate the company's profit and not to increase wages when due. The writer argues that outsourcing jobs off American soil is not the cause of the job market crisis, but it is rather the fact that wages are too high in America.

From the Paper:

"Statistics indicate that offshoring does not substantially affect American jobs. According to the Department of Labor Statistics (US Department of Labor [DOL], 2004a) over the past twenty four years information jobs and manufacturing jobs are the only sectors that have had a net loss in jobs, and if you look further back in the data you would see that manufacturing jobs have had a turbulent cycle of boom and bust since 1939. Even with the job losses the hourly rate of manufacturing employees has steadily risen since records have been taken."

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