Job Outsourcing
T Persuasive Speech Outline -- Job Outsourcing
The Bureau of Labor Statistics, in March 2012, reported that the country's present unemployment rate is at 8.2% where 42.5% came from the long-term unemployed or those jobless for 27 weeks or more. This rate, although decreasing from March 2010's almost 10%, can still be seen as relatively high.
An issue being looked into in addressing unemployment is the outsourcing of jobs. The United States' 2005 monthly labor review defined it as the shifting of work formerly paid in-house by a company to another which could be located inside or outside the country. Offshoring, on the other hand, is the transfer of work from within to outside the U.S. Nevertheless, both describe the acquisition of service outside the country to decrease production costs.
President Barack Obama, as reported in the Economic Times, has repeatedly stressed for businesses to bring jobs back instead of sourcing them outside the U.S. He even added enticement by promising to incentivise companies that will create jobs here while offering no tax deduction to those that will still opt to outsource.
But what really is job outsourcing? How does it affect us? Dr. Paul Craig Roberts, Researcher and Writer aptly reported that:
"Trade implies reciprocity. It is a two-way street. There is no reciprocity in outsourcing, only the export of domestic jobs...if there are no given endowments because business know-how, capital and technology are globally mobile, the advantage lies...
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