Outsourcing is an issue that America is struggling with right now. Outsourcing is a process in which a corporation will send its business overseas to lets say India, or China. The reason they do this is only because the cost of production and labor is astronomically lower than what it is here in the U.S. White collar jobs are the most affected by this, with engineering, architecture, and accounting to name a few being hit the hardest (Raynor 1). To be more specific middle class American's are the ones that are facing this problem. Of course the overall impact of outsourcing does more than just affect the middle class; it runs much deeper into the nation's economy. Debt among the public, corporate, and private worlds are higher than they ever have been before (Steingart 1). With the jobs being taken away from middle class citizens, they have less money and in turn less money is put into the economy. The impact of outsourcing is vast, and changes need to be made before there is no local economy or middle class America left.
Until about the 1970's the U.S. was at its economic peak. It was known as the golden age. The U.S provided dollars and products for everyone; its productive core was the best it had ever been and America spread its productivity to as many places as it could. For four long decades the U.S. was the greatest net exporter and creditor. Our
nation was pumping money into poorer states all over the world. Outsourcing first started when the U.S as well as Germany and France tried cutting the costs of manufacturing their products by going abroad, then U.S. production took on a new form. The new form was in the shape of the globe. Global relocation and production took off, which started the redistribution of capital and labor (Steingart 2). Consequently countries like India started to like the new job opportunities and capital being put into their economy, all they could do was encourage more and more U.S. businesses to... [continues]
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