Outsourcing Jobs to Foreign Countries

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Outsourcing jobs to foreign countries has long seen to be a hindrance to American people when in actuality it can help the economy grow. Outsourcing is a sore subject for the majority of Americans today. Seeing jobs going overseas can be hard pressed to be seen as a good thing, even harder to believe it can help the economy. Looking at the way outsourcing can help everyone puts things in perspective on a global level.

Imagine third world countries poverty stricken and hungry! Outsourcing in these areas helps spark the economy across the globe. By outsourcing jobs here it helps others less fortunate in these types of regions, have more and there by having the ability to spend back, making more jobs available to Americans. Outsourcing has to be looked at as a global process that helps everyone. A number of Americans work abroad for foreign companies as well. As stated by Richard Shryock (2006) "French companies employ approximately 650,000 AmericansÂ…France employs the third largest number of Americans." Outsourcing flows both ways by outsourcing from the U.S. to other countries and other countries outsourcing to the U.S. America does lose jobs to outsourcing but also gains some back through the same means. It is a huge misconception that all of the jobs are moving overseas. Less than 30 percent of the jobs lost to outsourcing were then sent overseas, the Bureau of Labor Statistics of the U.S. Department of Labor reported."In more than seven out of 10 cases (of job losses due to outsourcing), the work activities were reassigned to places elsewhere in the U.S.," said the report on mass layoffs for the first three months of 2004.According to the U.S. Department of Labor, unemployment rates have been down over the last few years. With this information, Americans can see that the U.S. does lose some jobs to outsourcing Companies yet still create more jobs than they lose. A closer examination of the international data reveals not only that U.S. companies are...
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