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Outsourcing-harm to america - Annotated Bibliography Example

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American companies outsourcing job is one of the burning problems, which has puzzled the economists in America on a number of counts including:
With the growing need for American companies to remain…
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Download file to see previous pages Outsourcing has been in practice since the early 1980s and continues to grow among large American corporations. Not only have we seen that it hurts our economy, but is affecting the unemployment rate. The unemployment rate is averaging 9.3% in todays market, compared to 5.8% in 2008 and 4.6% in 2007. Since 1986 fifteen million high paying jobs have left the United States and American workers. “Some industry watchers believe as many as 200,000 service jobs could be lost each year for the next eleven years (Cook, Nyham). According to the data (1999-2009) given by the bureau of labor statistics, United States -- there has been an increase in job loss in the private sector in the last 10 years ("Bureau of labor," 2010).
Corporate America is sending jobs oversees so that their companies can save money, not thinking of the impact it has on us as individuals, and our families. Outsourcing is a chain reaction; the more products we outsource, the more factories that are being shut down in American, meaning more American job loss, and the rise of the unemployment rate Jobs are disappearing, wages are falling below inflation, and it is stressful in the workplace because at any moment ones job could be moved. overseas. It is killing American workers faith in their employers and putting a toll on their psychological well-being.
We as a nation need to stop buying imported goods, and stop voting on bills that deregulate outsourcing. We need to realize we are the power, and we can make a difference. That in turn will be a step in the right direction.
It is well known that United States economy recovered from mild recession in 2001; however, unemployment has risen from 4 % to 6% -- almost 50 percent increase. Well, one thing that is not known widely is that jobs have also been created during this hard period not only in New York City, San Francisco or Michigan – jobs have also been ...Download file to see next pagesRead More
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