Short Summary: Outsourcing And American Poverty
Outsourcing and American PovertyMichelle MilsteadCOM/156Linda Perez |
Throughout the world, poverty is a growing issue. In America, poverty is growing at an accelerated rate, partially due to the outsourcing of American jobs to other countries. The following text explains the demographics of outsourcing and the effects it has on poverty in America. |
Not knowing if you will be able to eat or feed your family, pay your bills, or even have a roof over your head are all struggles that too many American families face every day. Low income plus the lack of job opportunities have become a challenge that many people have yet to overcome. As the country grapples with low growth and moderate job growth, nearly one-in-six million Americans remain …show more content…
In Europe, there are two ways of measuring poverty; by determining absolute poverty or relative poverty. Absolute poverty means having a lack of basic necessities for living such as adequate food, water, and shelter. Relative poverty means that income and resources are so inadequate as to preclude them from having a standard of living considered acceptable for the society in which they live (The European Anti-Poverty Network). In America, the term poverty is simpler; it means to live in a state of being extremely poor, the state of being inferior in quality or insufficient in amount. A family or individual is counted as poor if their pretax money income is below the poverty threshold. Money income does not include noncash benefits such as public housing, employer-provided health insurance, and food stamps. The methodology for calculating the thresholds was established in the mid-1960s and has not changed in the intervening years. The thresholds are updated annually to account for inflation. The poverty line varies depending on the age and number of people living in each …show more content…
Some of the benefits are: cost-saving, access to specialized skills, as well as capacity management. Companies utilizing outsourcing save more money by outsourcing the job function to an outside service provider. Part of this is because of the cost-of-living in the United States and the laws and regulations put on wages and work hours. Specialized skills are also more appealing to a company who outsources. Any third party service provider will be expert at the service that it provides. In fact, to beat competition, it would have to keep honing the skills of its employees. Also, the service provider would build up specialized skills in its niche area of operation. By outsourcing to such a service provider, business gets access to such specialized skills, which may be of use in some other field of operation of the business. Capacity management allows the company to outsource certain jobs in order to meet a hasty deadline. Because the pressure of making the deadline may be too much for in-house employees to handle, most companies outsource in order to ensure the job gets done on time (PR Log, Press Release Distribution, February 11,
Throughout the world, poverty is a growing issue. In America, poverty is growing at an accelerated rate, partially due to the outsourcing of American jobs to other countries. The following text explains the demographics of outsourcing and the effects it has on poverty in America. |
Not knowing if you will be able to eat or feed your family, pay your bills, or even have a roof over your head are all struggles that too many American families face every day. Low income plus the lack of job opportunities have become a challenge that many people have yet to overcome. As the country grapples with low growth and moderate job growth, nearly one-in-six million Americans remain …show more content…
In Europe, there are two ways of measuring poverty; by determining absolute poverty or relative poverty. Absolute poverty means having a lack of basic necessities for living such as adequate food, water, and shelter. Relative poverty means that income and resources are so inadequate as to preclude them from having a standard of living considered acceptable for the society in which they live (The European Anti-Poverty Network). In America, the term poverty is simpler; it means to live in a state of being extremely poor, the state of being inferior in quality or insufficient in amount. A family or individual is counted as poor if their pretax money income is below the poverty threshold. Money income does not include noncash benefits such as public housing, employer-provided health insurance, and food stamps. The methodology for calculating the thresholds was established in the mid-1960s and has not changed in the intervening years. The thresholds are updated annually to account for inflation. The poverty line varies depending on the age and number of people living in each …show more content…
Some of the benefits are: cost-saving, access to specialized skills, as well as capacity management. Companies utilizing outsourcing save more money by outsourcing the job function to an outside service provider. Part of this is because of the cost-of-living in the United States and the laws and regulations put on wages and work hours. Specialized skills are also more appealing to a company who outsources. Any third party service provider will be expert at the service that it provides. In fact, to beat competition, it would have to keep honing the skills of its employees. Also, the service provider would build up specialized skills in its niche area of operation. By outsourcing to such a service provider, business gets access to such specialized skills, which may be of use in some other field of operation of the business. Capacity management allows the company to outsource certain jobs in order to meet a hasty deadline. Because the pressure of making the deadline may be too much for in-house employees to handle, most companies outsource in order to ensure the job gets done on time (PR Log, Press Release Distribution, February 11,