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The Effects Of Outsourcing On The Economy Essay

  • Submitted by: kwarren
  • on February 5, 2012
  • Category: English
  • Length: 1,341 words

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Below is an essay on "The Effects Of Outsourcing On The Economy" from Anti Essays, your source for research papers, essays, and term paper examples.

The Effects of Outsourcing on the Economy  



Abstract
Job outsourcing has sent American Jobs to foreign workers. The largest corporations in the United States are turning to outsourcing for inexpensive ways to lower overall costs. Outsourcing has become a controversial new way of doing business. There are pros and cons with outsourcing. We can ask questions such as: Who is benefiting from outsourcing? What types of jobs are outsourced? What are the effects of outsourcing on Americans? Where are American jobs outsourced to?
 


 

The Effects of Outsourcing on the Economy
In recent years, outsourcing has become an increasingly popular alternative for some of the largest corporations in North America, who are looking for inexpensive ways of lowering overall costs. Outsourcing, which is the relocation of jobs to other foreign countries, has become a controversial new way of doing business. In considering the pros and cons of outsourcing, we have to ask some key questions: Who is benefiting for outsourcing? What types of jobs are being outsourced? What effect does outsourcing have on Americans? Where are American jobs outsourced to?
Outsourcing has become an increasing new trend in the business world. In her article, “Trade: Outsourcing Jobs,” Otterman (2004) stated that “shifting jobs to lower-wage countries is at an increasingly growing rate among the U.S. businesses looking to global markets for the lowest costs to increase on profits” (Otterman, 2004). Who is benefiting from outsourcing?   Investor, shareholders, and American consumers profit from outsourcing. However, the countries that the jobs are outsourced to benefit the most, for example, housing jobs for foreign companies boost the economy by increasing employment at the expense of millions of American jobs.
For decades, jobs have been moving away from the United States. James Park (2010, Nov 10) pointed out in New York Times, “The nation has lost more than 5 million manufacturing jobs...

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