Outsourcing to countries with lower wages allows the US market to stay competitive on the global basis. Outsourcing also provides US consumers with cheaper goods. This allows US consumers to spend the extra money on many different sectors of the US market. In the long run, outsourcing also helps create managerial or "high quality" jobs for US workers. All of these reasons provide evidence that, contrary to popular belief, outsourcing actually is beneficial to the US economy.
Of course outsourcing is positive. For those who complain about the job losses, think about how many people companies can employ if they are out of business because someone with cheaper labor costs can sell a cheaper product. If you look at the trend of our nations employment sectors we can see about 90% is in the service industry. That is where the middle class resides, not in the manufacturing sector which has been shrinking and will continue to do so.
Outsourcing of jobs actually does good for America. The upper classes always seem to make money, regardless of how the economy goes. Corporate profits have remained high through the last few recessions, and these get to rich people through dividend stocks. Wage growth for the lowest classes is nonexistent. But, the ability to outsource things, especially food and manufacturing, allow retailers like Wal-Mart to actually improve the quality of life for poverty-stricken individuals, far more than the government or rest of the economy can.
the U.S sends tons of laborious jobs overseas, that most Americans hate doing anyways, and we also outsource manufacturing jobs and that produce lots of hazardous waste so we don't have to live in filth and walk around with broken backs.......and forces the blue collar worker to become the white collar worker by attending school for a higher education!!
Face it, outsourcing jobs that require low-knowledge to workers who are willing to work below minimum wage means that Americans who can only do those sorts of work here are being out-competed. This means that companies can get cheap work done even more cheaply and the economy would be boosting.
Americans are specializing in many professional tasks. Most of the factory and blue collar jobs are not attractive for Americans, since they require intensive manual labor and pass less. There are plenty qualified individuals overseas who are willing to do those jobs.
Outsourcing lowers the cost of products and offers Americans more diverse and interesting job opportunities.
Of course outsourcing has had a positive effect because it applies that economic law of the invisible hand. Markets will control themselves and this is the way the American businesses can remain competitive and to succeed. Without outsourcing jobs, corporate America will fail. Off shoring promotes globalization which is the new era of growth for U.S. Business. American business's return their profits to provide future growth the American economy. For every dollar outsourced to India $1.14 is returned to the U.S. Economy. Who can argue with that. For the 72% that say outsourcing is bad, how would our modern economy exist without it. Consumers would be forced to pay much more and for the 100 million of Americans that shop at Wal-Mart each week, they would have further economic hardships. The only negative to outsourcing is immediate job loss but that fact is, outsourcing will provide Americans with better paying higher skilled jobs in the end. Outsourcing allows America to be the innovative nation we were founded as and will allow us to be the executives of global businesses in the end. Investors like returns and without off shoring jobs, corporate America can not produce the returns necessary causing the market to collapse. Let the invisible hand take over, both parties benefit from trade and outsourcing is just trading services. All will benefit in the end.
Outsourcing to Asia and other countries where labor is cheaper has become a trend, and it continues to grow worse. It has no positive impact on the economy, as it takes away jobs that Americans should have got in the first place. Americans get into huge debt to complete college, only to see that most of their jobs are slowly being shipped overseas so companies can make record profits. But those numbers don't mean anything to the common man. When Americans don't work good-paying jobs, it ultimately leads to becoming dependent on welfare, or work at a low-paying job. It could be explained better as the gradual transfer of wealth and skills to other countries, which only makes America poorer.
Outsourcing helps because if jobs are being made in a place like China, then they will be able to produce them for a cheaper price. This allows the products to be sold for less in stores which helps the poor families afford more things. It is also creating jobs for people who need them more in other countries. We need to stop thinking about ourselves and whats best for us. One job in American can create multiple jobs in developing countries which helps them way more then helps us. Overall in benefits America and the rest of the world for many reasons.
A company sends several jobs oversees to replace one person. This creates a multiple of jobs in the foreign country who become consumers. As globalization progresses, and information becomes democratized, these consumers desire unique goods that only America can supply. Companies need to hire more employees.
Another outcome has been companies abandoning outsourcing because for some businesses it didnt work. Thus, American jobs became more secure.
And when we say investment, you lose now, but you gain greater in the long run. You may lose your clerks, HRs, encoders and so the list of grunt jobs goes on, only to let these people realize that they can do better than working their butts off in a cubicle for 8 hours a day. The way I see it, America will develop into a nation of entrepreneurs, strategists and consultants after a decade (while we keep the dirty jobs). And if you perceive the situation as a sinking boat, you will know that it is us, third-world passengers in the steerage who will get to drown first. Lastly, there is a clear difference between theft, charity work and partnership. Argue with me if it's not the latter. So is outsourcing a dirty crime? No, I don't think so.
And when we say investment, you lose now, but you gain greater in the long run. You may lose your clerks, HRs, encoders and so the list of grunt jobs goes on, only to let these people realize that they can do better than working their asses off in a cubicle for 8 hours a day. The way I see it, America will develop into a nation of entrepreneurs, strategists and consultants after a decade (while we keep the dirty jobs). And if you perceive the situation as a sinking boat, you will know that it is us, third-world passengers in the steerage who will get to drown first.
Lastly, there is a clear difference between theft, charity work and partnership. Argue with me if it's not the latter.
So is outsourcing a dirty crime? Hell no, I don't think so.
Look at how many people are unemployed and living on the streets. If we keep outsourcing then where will people find jobs? Only the rich will survive, but without us regular citizens they won't survive much longer either. Its us people who buy the product and use the product. When resources dwindle, so does the economy, and in turn so does the people. We need a median met between these political problems. If we don't find a solution fast, then to put it bluntly, we will die from our mistakes.
Bravo corporate America. You have proven the trickle down theory to be true. Unfortunatly, it's all the negatives. You make sure not to allow that money to trickle down. But the job loss, poverty, homelessness slip right through your fingers; aren't you quite the butter fingers? First you destroy the middle class by shipping factory work overseas, which accounted for a majority of middle class. So people now have to obtain a degree, at a substantial cost, to even make above min wage. But it wasnt good enough, now you take our educated positions and send those overseas or hand them out to those with work visas. So that leaves us with your pathetic minimum wage jobs, which can't even cover rent.
American jobs need to remain in America to keep the economy strong in this country. If the jobs are in a different country, then how would those jobs benefit Americans? If trickle down economics really works, then our economy would be good right now, but it isn't. Keep jobs here, and the economy will respond.
Outsourcing is simply the way greedy corporations get away with making money while enslaving others. Companies that have outsourced leave thousands of those who were once employed, out in the streets. People who were loyal to the company for twenty years or more are let off without warning with only a small pay as a thank you for wasting your life because companies only care about wasting resources and living large. Its actually shameful that Americans can think life is only about making it rich while using people to get to that point. No one cares about quality or life. Outsourcing is bad for the economy.
Jobs that can be done here are sent overseas. That's unfair for the Americans. We were born here, we deserve those jobs, not people that have nothing to do with this country. We can fix our economy, we just need to work together. Now nothing says "Made in America." We need to change that. Let's make everything here so we can be proud of our country we have worked for for years. The Chinese are making our stuff. Do we want them to keep on doing that or do we want to make our own stuff?
Outsourcing solves the problem of filling low-end, low-paying jobs with individuals from other countries. However, solving this problem creates another, perhaps even more dire, problem, with which we must contend with. We are adding to a rise in our own nations' unemployment rate. It seems like a better solution might be to create incentives for Americans to fill these jobs, rather than sending the employment across the borders.
Outsourcing has a negative impact on the American economy, because current workers are laid off. The loss of worker income negatively impacts the economy, since these unemployed workers cannot buy goods and services. Furthermore, there are hidden costs to outsourcing, which revolve around writing contracts and making certain that the work is properly done, maintaining confidentiality and security, where appropriate. When these are not done properly, it can further impact the economy negatively by producing bad publicity and causing the company's stock prices to tumble.
Outsourcing is one of the worst ideas that greedy corporate heads use to line their already fattened wallets. They want to make more money, so why not pay someone in another country to do the job for a fraction of the cost as hiring an American worker? Well, many have lost their jobs because of this, and these jobs are not always for telemarketers.
I disagree that outsourcing is positive to the American economy because we are in a sorry state with the jobless and unemployment rates. If the jobs that are outsourced were here instead, more people would be working and our economy would not be in such bad shape right now. Imagine if all outsourced jobs were given back to Americans; we'd have a lot of happy people back at work, more money in our country and of course the economy. Outsourcing is hurting us. Even though it's cheaper, it's causing more harm than good.
Outsourcing leads to higher unemployment rates and not only affects less skilled workers but also middle-class America. Companies benefit by paying lower tax and sub-par wages for jobs, which ends up cheating Americans out of work. They do this for a higher profit, but what they don't take into consideration is that more people today are below the poverty line which does not benefit the economy since it reduces consumer spending.
The desire of corporations to seek the cheapest labor possible has led to less work for Americans, and a larger disparity between the rich and the poor. Over the last twenty years this gap has grown tremendously, and is fueled further by the fact that Americans now take lower wages in an attempt to remain employed.
Many Americans are out of work and our economy is in the toilet. That's because we don't produce here and buy here. Looking at a state by state basis shows that buying and selling locally makes the strongest economy. The state of Texas is a good example of this. The problem is that the executives of the companies that send their labor elsewhere are just getting too greedy. They want a huge excessive salary at the cost of the American economy. That's abuse of Capitalism, not good business sense. The products that are made elsewhere are inferior most of the time, anyway.
Outsourcing is bad for the American economy because it takes jobs that would otherwise go to American workers and pays workers from other countries to do the work for cheaper. In the long run, the money that is saved by American companies is not worth the cost in the loss of American livelihood and jobs.
Many people believe that outsourcing can benefit the economy because it allows companies to complete tasks more cheaply, and thus can dedicate more of their finances to important tasks. However, it's recently been found that paying to outsource to southeast Asia often is no cheaper than operations in the USA. As such, jobs are being sent to other companies, taking money out of our economy, with no real benefit to the companies or our economy.
Outsourcing, while a boon to businesses, drastically hurts our economy by removing jobs and allowing companies to evade taxes.
By removing jobs, families are unable to support themselves. Children might miss out on education. Consumers have less money to spend, and this in turn hurts small businesses.
Companies are also able to avoid taxes, which means the country gets less from the income tax, furthering the economic downturn. For the sake of profit, they are causing economic pain to both the country and its families.
Outsourcing is a fifty billion dollar industry. That fifty billion leaving our country is not only hurtful to the American economy, it hurts our workers.
Since Americans have started outsourcing the labor in United States has dwindled. It saves the cost but nevertheless it makes people in the united states to sit idle and the circulation of money has decreased in the countries because of capital flight.
Outsourcing of jobs leads to less jobs available for workers here in the United States. Not only does this add to the unemployment rate, but it also reduces the income the IRS will collect. More workers will have to file for unemployment, which is tax-payer funded. The products from outsourced jobs can sometimes not meet the standards of the United States Health Department. They may contain toxic or dangerous chemicals. None of this has a positive impact on the economy.
It is taking from the American people it is not helping our economy its hurting us. I think we should ban it and completely stop all funds to factories that outsource. And go back to a independent country and lower how much we are in debt. This is my opinion and I'm pretty sure its an opinion that a lot of Americans share with me.
There is already a job shortage. This is made much worse when a majority of the factory jobs that used to be in the United States, have been shipped off to India, China, Bangladesh, and other developing countries. Not only does our economy not benefit from the taxes of American workers (and companies), but the money that would be recycled into the United States economy is being recycled in foreign economies.
Not all people can be inventors or business creators. A lot of us do not have such talents. That is why we need well paying manufacturing jobs. By outsourcing these jobs, the wealth flows from USA to other countries. India's middle class grew to over 300 million. Think about how much those outsourced jobs contributed to IRS, Social Security, Medicare. We are creating permanent underclass.
While outsourcing has led to lower prices for consumer goods and some higher paying managerial positions for Americans, outsourcing has yet to make up for the hundreds of thousands of jobs that have been shipped overseas.
Though outsourcing does have the potential to create a new middle class in developing countries who in turn will purchase American goods, we have yet to fully reach that stage.
I strongly disagree with outsourcing because of its negative impact on the economy, our unemployment rate, and our citizens, overall. Outsourcing, while a profitable endeavor for big business, realistically hurts our economy by removing manufacturing jobs, which tend to be well paid, also allows companies to evade their fair share of the tax burden. This is one of the causes of the tax increase on the top .7% of tax payers because they are the ones who provide jobs through small businesses. Small business accounts for the majority of job creation in this country, now. By moving jobs overseas or across the border, families are hit hard because there skills are no longer marketable when the main breadwinner is laid off through no fault of his or her own.
It hurts schools and colleges because children miss out on educational opportunity. Of course consumers have less money to spend, and this also hurts small businesses and even big retailers like Costco and Wal-Mart. The taxes that the IRS does not collect on those companies reduce what the country has to fund its programs and ads to the economic downturn. These companies are throwing the very people who made them successful under the bus for the sake of bigger profits. Outsourcing is a fifty billion dollar industry. That fifty billion leaving our country is not only hurtful to the American economy, it hurts our workers.
We are going corrupt. "American jobs need to remain in America to keep the economy strong in this country. If the jobs are in a different country, then how would those jobs benefit Americans? If trickle down economics really works, then our economy would be good right now, but it isn't. Keep jobs here, and the economy will respond."
Shipping jobs overseas takes money out of the U.S. Economy by increasing unemployment. Those who become unemployed lose their spending power and decrease consumption that would otherwise spur the economy. The displaced workers can no longer contribute to state or government-funded programs through payroll taxes. They may also remain unemployed for extended periods of time, increasing their dependence on the same state and government funded programs they can no longer contribute to. Furthermore, the unemployed cannot deposit funds into a savings account. This reduces the funds banks have available for the purpose of extending loans to consumers and prospective investors. Overall, outsourcing is detrimental to our economy.
The discussion regarding U.S. Companies outsourcing internationally to countries such as India, China, Pakistan, Philippines, and dozens more is highly controversial. On the one hand, merchant companies and high selling or very large B2C businesses can cut their employee budget considerably by outsourcing. The company’s marketers research the locations where raw materials, assembly workers, and service workers will provide the company what they need at the lowest cost. Theoretically, they will do so without sacrificing quality (lowest cost and highest quality); however, as unfortunate it is, this is not always the case. Some companies research seeking the lowest production, service, and supply costs regardless of the quality they receive.
On the other hand, every job an American company fills internationally through outsourcing is one less American with a paycheck. But it does not stop there. Every American living below the poverty line and/or un(der)employed is one less American shopping and making purchases at other American businesses and thus the more glum our economy becomes.
On the other hand (I really don’t have three hands) again, there are the instances in which the American company does not have the revenue and thus the finances to secure the materials needed to produce goods or possibly they do not have the revenue to secure employees in which to manufacture or distribute these goods. In this example, the business may have only two options; secure raw materials and labor at a cheaper rate or throw in the towel.
I believe that major multi-million dollar American companies, such as Amazon, Wal-Mart, Apple, and Google who are key players in the growth of our economy should be socially responsible and purchase materials which are made in America, whenever these materials are available at a fair market price making doing so feasible. However, I feel that these “monster” corporations should be mandated to secure warehousing facilities, manufacturing plants, and should be required to secure labor from within the country so long as the raw materials needed for the manufacture of that company’s product line can be easily and reasonably obtained within the United states.
Wealthy elites are destroying the American economy and the working class Americans are not given a voice or a seat at the table. They are wealthy enough that they are insulated from the transfer of American jobs to poor countries. When we increase trade we are also increasing unfair trade. We will eventually have destroyed all middle class. We will have created a world of people who are fed but still live in poverty. It is unfair for working class Americans to have their wealth just simply transferred and end up being unfair to developed countries. It looks more like we are taking turns at being prosperous. This is a result of the wealthy and powerful calling all the shots.
Foreign countries can steal technologies and use the technologies against us. Outsourcing only benefits those greedy fat cats!! They don't care about American's future, they only care about their money! Outsourced services have lower qualities. Too hard to understand those Indian accents! Products made by outsourced countries have low quality!
You can't build and economy that does not invest it it's own communities and people. The math of talking from our country giving it to others is a resounding failure. The proof is we have more than 22 million people unemployed. America has record high people begging for Food Stamps and in foreclose. NOW.... This must stop. We must stand together as consumers against corporations and lawmakers protecting ourselves. If we don't..... We will get totally displaced
If we continue to keep shipping jobs overseas, how can Americans have jobs to support themselves let alone buy products to keep people buying goods and services. It is creating a downward spiral. Jobs shipped overseas = No American jobs = No money to shop with = Less products being bought = Less jobs needed because of less demand = More jobs cut or downsized by those companies still in America and so it just keeps getting worse. The rich get richer off other lower paying countries and the middle class and poor keep getting poorer, because of not enough American having jobs to work at.