In today’s global economy, some of the products you buy may have been made in other countries. That outsourcing of labor from the United States comes with both benefits and drawbacks.
Sometimes items cost less, due to outsourcing, which is good for consumers and retailers alike.
“Job outsourcing helps U.S. companies be more competitive in the global marketplace,” according to The Balance financial site. “It allows them to sell to foreign markets with overseas branches. They keep labor costs low by hiring in emerging markets with lower standards of living.”
Unfortunately, a major problem of outsourcing is it can increase the country’s unemployment rate. In fact, U.S. overseas affiliates employ over 14 million workers—double the number of unemployed Americans, according to the Bureau of Economic Analysis (BEA). The top U.S. industries being outsourced are manufacturing, human resources, technology, and call centers, the BEA says.
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3 comments:
Americans don't want to take low-paying manufacturing jobs. Jobs that are taken by immigrants creating a circle of "They took our jobs - the jobs we never applied for in the first place!".
Perhaps when American manufacturers stop making products with planned obsolescence the market will respond accordingly.
Totally false. Propaganda talking point paid for by lobbyists Employers save taxes on each J1 or illegal they employ. Some not even on the books...
I will say this I buy American when it is well made and I can afford it, and want it. If I can get as good a product cheaper that isn't American I buy it. The leaders and law makers did this for decades they sold to us high and gave jobs away over seas to non-Americans, they made our products and sold our products cheaper to other countries and higher for us. We have our own country's choices to blame. I still try to buy American and always will until Trump no one tried to set imports an exports fair to all.
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