Topic > Outsourcing Essay - 1441

Outsourcing hurts the American economy by sending jobs overseas. “Outsourcing” can be defined as “the entrusting of a business process to a third party”. In the United States, outsourcing is considered a dirty, “dirty” word, spoken in hushed tones and in secret among upper-class men and business tycoons. As stated by W. Rivkin, professor of business administration at Harvard Business School, “The offshoring phenomenon has implications for policymakers, business leaders, and members of the workforce” (Hanna, J. “How Many US Jobs Are Offshorable ?"). Politicians give people false assurances and empty promises to stop it, and companies feel the need to downplay their involvement. Phrases like “Only Buy American” and “Jap is Crap” are and have been popular calls to arms in recent years, and many Americans today lament the outsourcing of jobs to low-wage parts of the world, particularly Asia; namely India and China. At a time when unemployment in the United States is approaching 10% (when added to underemployment, the figure is actually more likely to be closer to a staggering 20%), according to research conducted by the University of New Mexico (2013) , the mere thought or suggestion of sending any job overseas is highly intolerable to many Americans. Although there are clear risks associated with outsourcing, it remains quite simple to understand why more and more companies are attracted to this current business model. Cost savings, and lots of it! Comedian Woody Allen once said so eloquently, “Money is better than poverty, if only for financial reasons.” It seems that large business owners today have taken this message to heart. They only care about their own affairs and not about their nation or their fellow countrymen. As you can see...... half of the paper......or offer work. "There is a need to control foreign trade, as other countries are doing" reports James Moreland. There are two sides to every story, and while it is clear that there is a temporary or short-term increase in revenue for the country, as well as some jobs, America is giving up its manufacturing and industrial heritage, on which the nation has etched its name in history, dating back from the Industrial Revolution to the demise of "Motor City" (Detroit) in the late 1980s-early 1990s. Ultimately, the country will be left with few if any U.S.-owned industrial manufacturing plants, leaving the nation totally dependent on other countries for jobs, resources, and decent standards of living. It seems pretty sad. It's no longer David versus Goliath (in industry terms). Goliath no longer exists, only David exists, and he becomes bigger every day.