Outsourcing Essay -- Economics Economy Consumerism Essays

OutsourcingOutsourcing has become a very popular issue, and it has reached an all-time climax. Firms are rifleing to do this a lot more than than in the previous decade. What is outsourcing? Outsourcing is defined as The procuring of go or products, such as the parts used in manufacturing a motor vehicle, from an outside supplier or manufacturer in enjoin to cut costs. And it has become a big issue in our country. in that respect are thousands of members and books written on it, and you gouge attend numerous classes and speeches on the subject. The use of outsourcing is quite simple really Either pay an the Statesn worker $15 an hour, or pay someone in India to do the same job for $2 an hour. There are lots of some other advantages and disadvantages to outsourcing but I will address those later in the essay. So what does an average American really know about outsourcing? Most volume would say venting our jobs to another country in order to hold open money isnt justified. I t would cost a lot of people jobs, which would send them into distress and possibly debt. But thats not the whole tarradiddle behind outsourcing. People hear about outsourcing and automatically decide that it is lamentable for our economy. What about the good things that outsourcing brings to our economy? We are sending jobs to India, their consumers will start making more money, and in return buy more of our goods and services. In this essay I will show you both points of the debate and you can decide for yourself whether or not outsourcing is bad for our country. A firms primary objectives are cutting un-necessary costs, reducing overhead, and cutting labor costs. America has one of the highest GDPs, with the minimum wage law in the US being $5.15 an hour. Most people woul... ...l comes down to the American consumer, and how they view the topic. In the end the choice is yours. BIBLIOGRAPHY 1. Pew Research Center/Council on exotic Relations survey conducted by Princeton Survey Research Associates International. July 8-18, 2004. N=1,003 adults nationwide. MoE 3.5. usable at http//www.pollingreport.com/trade.htm2. Network Computing online, Online article, procurable at http//www.nwc.com/shared/article/printFullArticle.jhtml?articleID=1152019003. TechWeb online, IT salaries are Rising, online article, available at http//www.techweb.com/wire/story/TWB20030402S00024. breeding Week, IT salaries Show Upward Trend, Outsourcing Overblown, TechWeb article written by W. David Gardner, available at http//www.informationweek.com/story/showArticle.jhtml?articleID=50500043