Outsourcing in America
- ISBN-10
- 3656441065
- ISBN-13
- 9783656441069
- Category
- Business & Economics
- Pages
- 6
- Language
- English
- Published
- 2013-06-04
- Publisher
- GRIN Verlag
- Author
- Raymond Cook
Description
Seminar paper from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: A, University of Newcastle upon Tyne, language: English, abstract: Americans are crying foul on the way their economic future has been put at risk. American corporations have literary opened a Pandora’s Box, in their quest to reduce the expenses on getting some specific tasks accomplished. This is at the expense of the Americans who, day by day are losing lucrative jobs to foreigners who are experts in the various fields. In the early 2000, the media was flooded with reports on how the US was slowly doing itself an injustice by unleashing some of the best jobs offshore to China, India and China, where the cost of getting the job done was much cheaper. The government’s acknowledgement through Dr. Gregory Mankiw, who used to be President Bush’s Chief Economic Advisor in 2003, raged the storm even further. His assertions that exporting of very high value jobs was productive for the country were unsettling. This essay seeks to explore how Americans are highly disadvantaged by the outsourcing evil that has struck the US like a plague. Moreover, the various options available for the country to redeem itself are further discussed and examined deeply. As peter DeFazio puts it “We are entirely outsourcing United States’ industrial base to China. Economic implications along with national security issues are a concern”. Outsourcing has become a reality that has posed a dilemma in the USA. Experts indicate that the phenomenon is unstoppable and can never be ignored. More than 14 million white collar jobs are vulnerable of being outsourced. It should be noted that these are high paying jobs with as average salary of $31, 720. By the end of 2005, more than 800,000 jobs had been moved overseas from the US. Various fields have been adversely affected. Notably, any work that can be sent over the wire is likely to be outsourced. Some of the fields include information technology, newspaper reporting, call-center operators, legal services, engineering tasks and accounting. Moreover reports have indicated that more than 2 million jobs in the banking and securities sector are likely to move overseas in thus. There are also more than 700,000 customer
Get the book
Similar books
-
Taxation for Decision Makers, Binder Ready Version
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 8.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Taxation for Decision Makers, 2019 Edition
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 9.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Taxation for Decision Makers, 2020
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 9.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Keeping House in Lusaka
By Karen Tranberg Hansen1934. Memorandum on the Native Tribes and Tribal Areas of Northern Rhodesia . Lusaka : Government Printer . Timberlake , Michael , ed . 1985.
-
Encyclopedia of Community: From the Village to the Virtual World
By DAVID LEVINSON, KAREN CHRISTENSENTimberlake, L. (1987). Only one Earth. London: BBC Books: Earthscan. Tinker, I. (1987). Street foods: Testing assumptions about informal sector by women and ...
-
Taxation for Decision Makers 2006
By Shirley Dennis-Escoffier, Karen FortinThe Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $ 4,500,000 . The property has a basis of ...
-
Handbook of Organizational Performance: Behavior Analysis and Management
By William K Redmon, Thomas C Mawhinney, Carl Merle JohnsonTimberlake (1980, 1984) promulgated a behavioral-regulation analysis of learned performance that emphasizes the importance of behavioral.
-
Money and the Rule of Law: Generality and Predictability in Monetary Institutions
By Peter J. Boettke, Alexander William Salter, Daniel J. Smith190; Timberlake 1993, pp. 356–357). By increasing fiscal expenditures, President Carter may have successfully cornered the Fed into delaying tighter ...
-
Economic Politics: The Costs of Democracy
By William R. Keech, William R Keech( Timberlake , 1993 , p . 4 ) The same was true of the second Bank of the United States , which was chartered in 1816. However , under the leadership of ...
-
Handbook of Organizational Performance: Behavior Analysis and Management
By William K Redmon, Thomas C Mawhinney, Carl Merle JohnsonSchlinger, H. and Blakely, E. (1987). Function-altering effects of ... Timberlake, W. and Allison, J. (1974). Response deprivation: An empirical 48 HANDBOOK ...