Saturday, September 20, 2008

Outsourcing - "Trading Jobs"

I know this blog topic was already past due, but I ran behind on my reading and making up the blog posts as well. 

One thing that caught my eye in "Trading Jobs", is the section: "Does the increase in offshore outsourcing of jobs from the United States Pose major Economic Threats to American workers?" One side, believes that offshore outsourcing will be more developed in innovation and create more jobs. The other side, believes that offshore outsourcing will be harmful to workers in the U.S. because unemployment rates will increase - other developing countries workers' are simply taking the jobs that they have. In my opinion, the first reasoning answers the question best. Though, it is short. First off, offshore outsourcing will create more jobs because the economy is growing more and more everyday in all nations. Unemployment rates won't increase because offshore outsourcing will spur innovation - therefore, more jobs are opening up and will fill the unemployment void. There is an issue that not all jobs are insured that they will keep their job, or that their job is stable. However, as said in the closing paragraph, capitalizing savings from outsourcing will allow them to remain competitive in the market and will insure stable jobs. How they capitalize savings? By lowering costs to raise profit for American consumers who want to maximize their gains of their investments for inexpensive goods and services. 

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