A look at how the US economy benefits from the international outsourcing of jobs.
Written in 2007; 2,370 words; 8 sources; MLA; $ 72.95
Paper Summary:
The paper discusses how the practice of outsourcing helps US employers remain competitive since foreign workers abroad will gladly work for lower wages. The paper examines how, as a result of outsourcing, US consumers reap the benefits of cheaper prices and workers abroad in developing countries gain money to spend and become US customers. The paper explores how outsourcing results in the creation of new jobs and helps to make more money become available for training and new equipment. The paper concludes that the jobs that disappear to other countries leave American workers with better and higher-paying jobs in the long run and that sending work to other countries has been found to benefit nearly everyone.
Outline:
Introduction
Historical Background
The Job Shortage
The Positive Effects of Outsourcing
Unemployed Workers
Conclusion
References
From the Paper:
"Only 16% of Americans agree that outsourcing is good for the economy (Jones, 2005). Many Americans are genuinely concerned and alarmed; in fact, a public opinion survey in January, 2006 showed that the issue of outsourcing jobs to other countries has reached a "tipping point" where public opinion could become strong enough to influence government policy (imposing a tax, for example, on employers who outsource jobs) because an overwhelming majority expresses concern about the issue. Yankelovich (2006) reports that 87% of those people polled recently said they are concerned about outsourcing, and 52% admitted that they "worry a lot" about it. A huge 81% gave the government poor grades (C, D. or F) in the way it handles the issue--although 74% did not see any way the government could stop companies from doing it."
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