How is outsourcing of american jobs hurting the us economy?

Answer 1

It depends on which jobs are being outsourced. For the worker who loses employment, the job is a true loss. For the corporation who is gaining from reduced labor costs, then it is a gain.

Answer 2

Well, first of all as you know, it is taking fairly decent paying jobs away from our working people. We are becoming a service country and you don't get paid much for serving hamburgers. Right now the minimum wage is 5.15. Tell me, if you and your spouse worked at jobs with minimum wage, would you have enough money to pay rent, utilities, pay for a car and buy gasoline, have medical coverage, buy groceries and the million other costs we have? No one could survive in this country on $5.15 an hour. It is preposterous. There are college graduates working for $30,000 a year and can hardly eek out a living on that. Parents can't send their children to college any more it is so expensive. So in a nutshell, there are more working people in American than rich people, so when the good paying jobs go, these millions of working people cannot purchase cars, videos, build new homes, etc. and that is what determines how our economy will be - it is called buying and selling.

Answer 3

To be real looking, u . s . is a rustic that is composed of all immigrants. there is not any "interior of sight." an overpowering majority of human beings has come from Europe and different international places. u . s . asking a question of "outsourcing," consequently is slightly out of place and undesired. so a good distance as economically in contact, while u . s . outsources, it does with the point to get products and centers at extra cost-effective fees. consequently in no way in any respect, is outsourcing of jobs hurting u . s .'s financial equipment or its means to innovate. the assumption of outsourcing itself is an surprising innovation by ability of u . s .! to boot, in on the instant's international of globalization, there is not any injury in outsourcing and offering equivalent opportunities and forming symbiotic relationships.

Answer 4

IT DOESN'T.ON THE CONTRARY IT HELPS DECREASE THE COST OF DOING BUSINESS WHICH THE COMPANIES THEN PASS ON TO THE CONSUMER.STEP OUTSIDE THE CONFINES OF THIS COUNTRY AND YOU WILL BE AMAZED AT WHAT PEOPLE PAY TO LIVE THE WAY WE DO HERE.OUR ECONOMY STARTED OF BY DEPENDING ON AGRICULTURE THEN WE MOVED INTO MANUFACTURE WHICH DEPENDED MOSTLY ON SEMI EDUCATED PEOPLE.NOW OUR ECONOMY HAS MOVED INTO SCIENTIFIC RESEARCH AND FINANCE AND THAT IS WHY WE NEED A SKILLED LABOR FORCE.AND TO OUTSOURCE
OUR LESS SKILLED JOBS TO COUNTRIES THAT WILL PRODUCE WHAT WE NEED CHEAPILY.THE TRUE AMERICAN JOBS ARE IN THE SREVICE INDUSTRY,THE SCIENCES,MEDICINE , TECHNOLOGY AND TRANSPORTATION..IF YOU WANT TO FIND A JOB GET INTO THESE INDUSTRIES AND YOU WILL BE SAFE LEARN TO CHANGE WITH THE TIMES.THIS IS WHAT MAKES US THE WORLD LEADER.

Answer 5

It's been going on since Carter.
And it does hurt the economy.
However, Bush's tax cuts stimulated the economy so much that we have made up for the outsourcing.

Answer 6

Our sourcing of jobs is a result of loss of tax advantages to American biz, take the tax breaks away and jobs go to the lowest bidder.

Remember the haunting words of, "no thank You, I will not ride the space shuttle since it was built by thousands of contractors, whose consistant thread was that they were the lowest bidders on the contract.

Answer 7

Ultimately it hurts the tax base...pretty simple math when you get right down to it.

All those Mexicans building electronics, tranformers, automotive parts and all the Taiwanese motherboard plants, the Chinese metal stamping, coil winding, plastics, toys, games, and the Indians handling all the service/engineering related tasks...don't pay US income/FICA/Medicare taxes.....

....is that a good thing....