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Us economy under Reagan
Summary of the other side of outsourcing
Outsourcing Jobs
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This report is extremely credible and qualified, as it was written by an author who is well-versed on the topic. The author was also the Assistant Secretary of the Treasury in the Reagan administration, making him even more authentic source. Throughout the article, the author discusses and examines the words of two other authors, Ron and Anil Hira, who are experts on the subject of American Outsourcing. These authors are also very credible; one is a professor at the Rochester Institute of Technology, and the other is a professor at Simon Fraser University. Additionally, the author refers to many case studies that were taken at different universities in order to justify his claims on why American Outsourcing is bad. The intended audience is
Offshoring American jobs have positive and negative consequences to the American community. Some of those consequences of offshoring American jobs include Amer...
Mankiw and Swagel (2006) argue outsourcing is not as large a phenomenon as the media describes. Their research indicates outsourcing accounts for very little of job loss in the United States, nor has it made a distinct contribution to the slow rebound of the labor market. They go on to propose that increased overseas employment has actually contributed to higher employment in parent United States companies. They reported that while 30,000 jobs were lost per month in 2004, two million job changes per month were happening as well. They reference the Bureau of Labor Statistics when they report that in 2015 there are expected to be 3.4 million jobs outsourced, but 160 million jobs gained here in the United States. They also claim that there is a rise in net US income by 12-14 cents per dollar of outso...
Jim is a upstanding, hard working, American computer programmer who recently lost his job to a man who doesn’t provide the correct code or patches for the computer programs he builds. This man is living in a far off country providing money that doesn’t benefit Jim or America, now Jim has a nice spot in the unemployment line. This is not how any good employee should be treated, but now many companies are dropping their good employees for cheaper foreign employees. Recent outsourcing is factor in the recent downturn in the U.S. economy.
Both sides can agree that outsourcing can be desirable for a business do to the potential profit. It allows goods to be made cheaper, management to run smoother, and money to be made faster (Salanţă 270). Both sides can also agree, however, that U.S. jobs are lost as a result of outsourcing (Ahmed 192), as well as environmental damage being cause due to corporations taking advantage of loose environmental regulations (Marquis 39). Upon digging deeper into this debate, one can find that both sides present very convincing arguments.
Since the concept of outsourcing was introduced it has been a subject of debate between politicians and citizens of the United States. Remarkably, it was the United States who supported outsourcing and now it is the United States that feels its economic progress is being threatened by outsourcing. One may argue that the financial situations that existed two decades earlier are not the same as they are today, thus the change of time, business priorities of economies have also changed.
As the problem of job outsourcing becomes more of an issue in politics, elected officials like the President and Congress will no longer be able to ignore the dilemma. The war in Iraq has been at the forefront of the presidential race but the importance of outsourcing American jobs seems to have been slightly overshadowed. If the issue of outsourcing is not watched carefully and a definitive plan hammered out, a trickling down of negative effects may occur within the U.S. economy. However, there is a polarized opinion on the effects of this “phenomenon”.
...ect on the college graduates and younger children of today. Outsourcing has made nothing but trouble for the United States with the passing of free trade agreements. It will cause a lack of jobs that will run the economy into the ground, and ruin the lives of the citizens of the United States. All of that so a business can use its faulty practices to make a higher profit. Outsourcing has consequences that will haunt the average American and their families for the rest of their existence on this planet.
Weintraub, Daniel. “Outsourcing is Good for America…and California”. The Sacramento Bee. 13 July 2004. Google Search. 5 December 2004
Do you ever wonder what our nations underlying focus is? The answer is simple and should be fairly easy to guess… Money! Outsourcing originated from someone coming up with the idea that we can make products for practically nothing in other countries and make very high profits. Although it seems like a great idea to businesses, it negatively affects our country. American consumers are buying these products that are made in other countries and the companies profits are continuing to rapidly increase. At the same time, people that are in the production field of work in America are losing their jobs because producers would rather pay foreign workers to get the job done for a much lower wage. When it comes down to it, one of the reasons our economy is suffering is because of outsourcing. Basically, it all comes down to money. The consumers don’t pay close enough attention to where the products are made. Therefore, consumers are spending extra money and are causing outsourcing to thrive. The lack of knowledge Americans have on the subject of consumers affecting outsourcing is leading our country to economic stress but if we begin to recognize the issue, the jobs we could potentially save may be our own.
In this paper, I will discuss the ethics of outsourcing manufacturing from my local community to a developing country. I will view this debate through three different frameworks: Utilitarianism, Pragmatism, and White’s biblical principles. I will also conclude my final view on outsourcing and the benefits of using a framework for making ethical decisions.
Kibbe, C. (2004, 07 09). Outsourcing: the good, the bad and the inevitable. New Hampshire Business Review, pp. 1A-21A.
Outsourcing has become a very popular issue, and it has reached an all-time climax. Firms are starting to do this a lot more than than in the previous decade. What is outsourcing? Outsourcing is defined as “The procuring of services or products, such as the parts used in manufacturing a motor vehicle, from an outside supplier or manufacturer in order to cut costs.” And it has become a big issue in our country. There are thousands of articles and books written on it, and you can attend numerous classes and speeches on the subject. The use of outsourcing is quite simple really… Either pay an American worker $15 an hour, or pay someone in India to do the same job for $2 an hour. There are lots of other advantages and disadvantages to outsourcing but I will address those later in the essay. So what does an average American really know about outsourcing? Most people would say sending our jobs to another country in order to save money isn’t justified. It would cost a lot of people jobs, which would send them into distress and possibly debt. But that’s not the whole story behind outsourcing. People hear about outsourcing and automatically decide that it is bad for our economy. What about the good things that outsourcing brings to our economy? We are sending jobs to India, their consumers will start making more money, and in return buy more of our goods and services. In this essay I will show you both points of the debate and you can decide for yourself whether or not outsourcing is bad for our country.
Outsourcing has been around for many years. In this paper I will discuss some of the history of outsourcing, the goods things about outsourcing, and the bad things about outsourcing.
The concept of outsourcing in the Unied States goes back to 80's. But it was in the 90's that really companies began to use it more and more and they found out that this is something that really works for them. Outsourcing is defined as "the practice of subcontracting manufacturing work to outside and especially foreign or nonunion companies." This concept became very widely used in practice today in the United States. Firms such as IBM, Sprint, AT&T, Dell Hewlett Packard, and Novell are some of the major companies which have really been successful using it for a while now. Despite companies success there are still many questions raised whether the US gains more than it looses or the other way around. This controversial issue might be considered a big problem for the US economy, and yet on the other hand it might also be considered a great idea. The issue has been brought up for a while now and it's still being debated. Outsourcing has brought many advantages for companies, but we should ask if it really brought advantages to America as a country. Is it more important that companies become more competitive in the international market, Americans loose jobs, and our economy suffers or should we keep Americans have jobs, and be less competitive. Also, there are serious issues that make outsourcing abnormal which include the manipulation of currencies by foreign governments, the control of workers rights and the absence of environmental regulations, where this is the ethics part. These questions might be easy to answer but how should these issues be administered so that everyone is happy. Is there such a way that every one would be happy? I personally doubt it, and I don't think that this issue will ever go away for the fa...
I believe that many people are against outsourcing because of the economic situation that it may have potentially put us at. The economy is able to stay healthy when jobs are being created, people are being employed, and money is circulating. The issue is that when America decides to outsource products or job it leads to businesses having to close down because there is no point in it's existence when there is a cheaper alternative in another country. When situations like this occur it leads to mass unemployment and this wounds the economy causing its condition to become worse. Others support the concept of outsourcing because they believe it causes results contrary to what those that dislike outsourcing believe. Outsourcing is preferred by