Outsourcing Jobs to Foreign Countries
Outsourcing American jobs to Foreign Countries WUI student University of Phoenix COM 110 Professor Olivia Miller August 13, 2006
Outsourcing American Jobs to Foreign Countries
Outsourcing American jobs to foreign countries is slowly destroying our economy.
You hear it all the time on the news, and you read about it the paper. Unemployment is
rising, the cost of living is rising, and our economy is on shaky ground. So what exactly is outsourcing? Well in my opinion, outsourcing is a very selfish way for companies and businesses to save money. They send jobs to workers overseas who require less pay than an American worker does, in doing this these businesses of course make a larger profit on their goods and services. "Never have there been fewer business leaders willing to commit to the national interest over selfish interest, to the good of the country over that of the companies they lead." (Dobbs, 2004, p.2). I have to agree, for the amount of profit these companies that outsource make, they harm the greater good, our national interest.
If you had not heard about outsourcing before, now you have a good idea what it is. Now there are two sides to every story, so allow me to inform you about the people who support outsourcing, and why they say it is good for our country in the long term. Now the chairman of President Bush 's council of economic trade Advisers, N. Gregory Mankiw said,"Outsourcing is just a way of doing international trade." (U.S. Newswire via Comtex, 2004). President Bush 's 2004, economic report says basically outsourcing makes sense. The report (signed by President Bush) said that " When a good or service is produced more cheaply abroad, it makes more sense to import it than make or provide it domestically." (U.S Newswire via Comtex 2004). This all sounds like it makes a lot of sense. I mean wouldn 't you want to save money also? We all want to spend less and make more, but
Outsourcing American Jobs to Foreign Countries
Outsourcing American jobs to foreign countries is slowly destroying our economy.
You hear it all the time on the news, and you read about it the paper. Unemployment is
rising, the cost of living is rising, and our economy is on shaky ground. So what exactly is outsourcing? Well in my opinion, outsourcing is a very selfish way for companies and businesses to save money. They send jobs to workers overseas who require less pay than an American worker does, in doing this these businesses of course make a larger profit on their goods and services. "Never have there been fewer business leaders willing to commit to the national interest over selfish interest, to the good of the country over that of the companies they lead." (Dobbs, 2004, p.2). I have to agree, for the amount of profit these companies that outsource make, they harm the greater good, our national interest.
If you had not heard about outsourcing before, now you have a good idea what it is. Now there are two sides to every story, so allow me to inform you about the people who support outsourcing, and why they say it is good for our country in the long term. Now the chairman of President Bush 's council of economic trade Advisers, N. Gregory Mankiw said,"Outsourcing is just a way of doing international trade." (U.S. Newswire via Comtex, 2004). President Bush 's 2004, economic report says basically outsourcing makes sense. The report (signed by President Bush) said that " When a good or service is produced more cheaply abroad, it makes more sense to import it than make or provide it domestically." (U.S Newswire via Comtex 2004). This all sounds like it makes a lot of sense. I mean wouldn 't you want to save money also? We all want to spend less and make more, but
References: Dobbs, L. (2004) Exporting America: Why Corporate Greed Is Shipping American Jobs Overseas. New York: Warner Books (pp. 2, 8, 16, 119-120) Drezner, D. (2004, September 29). Where Did All the Jobs Go? Nowhere? The New York Times. Retrieved February 02, 2005 Galenet.com/servlet/ORVC?vrsn=222&slb=SU&locID=uphoenixcustom& Washington, March 24, 2004 (U.S. Newswire via comtex) Retrieved February 02, 2005 (http://www.usnewswire.com)