Is outsourcing just a new way of doing international trade or is outsourcing something to fear as fundamentally damaging to the U.S. economy?
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3. Is outsourcing just a new way of doing international trade or is outsourcing something to fear as fundamentally damaging to the U.S. economy?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/human-resources-management/is-outsourcing-just-a-new-way-of-doing-international-trade-or-is-outsourcing-something-to-fear-as-fundamentally-damaging-to-the-u-s-economy-7f12
...iced by many U.S. apparel and manufacturing firms for years and it has affected much a significant number of low-skilled American workers.
Many people argue that today is not the right time to send jobs overseas as the U.S. economy is still recovering from a recession. The kinds of jobs that are vulnerable to offshore outsourcing, e.g., research and development (R&D), information technology (IT), computer programming, and medical and financial services, have increased dramatically over the past five years. Low-cost telecommunications and advances in technology now mean that data entry specialist, computer programmer, or a help-desk operator who answers calls for a U.S. company can work easily from India or the Philippines as from Iowa or any other U.S. state. This can save parent companies some 30 percent to 70 percent in costs, analysts say. The end results is a considerable anxiety in some segments of the U.S. workforce that feel vulnerable to competition from workers abroad who are well-educated and in some cases, willing to work for one-tenth of the wages paid to Americans.
While most businesses view ...