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Global outsourcing pros and cons
Outsourcing pros and cons in america
The impact of outsourcing on the economy
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Global outsourcing is defined as the use of organizations in all areas of our world to do some of the company’s work. This generates companies to hire foreign workers to do tasks, rather than hiring domestic workers. Global outsourcing creates higher profits for the owners and lower prices for the company’s products. Global outsourcing is bad because it results in losses to American workers. This is bad for domestic workers because it takes away their jobs by hiring foreign workers because it is cheaper. For example, these companies could hire domestic workers which would help reduce unemployment in the country, but since there is a cheaper alternative they decide to choose another option.
Q2)Global outsourcing, is it good? because US business
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Businesses are able to cut costs through global outsourcing which results in cheaper products and providing a better value. Customers are able to get more for the money they spend, and the company gets more business because they are providing good quality products. Global outsourcing is also good because it still gives jobs to people who need them. Although companies are not hiring domestic workers they are still providing a job to someone in another country. Global outsourcing also helps companies expand and gain access to new market areas.
Q3) Global outsourcing, is it ugly? because US business can exploit the sweat shops from overseas.(0.5 point)
Global outsourcing is ugly because foreign workers usually face underpayment and exploitation. Some companies care so much about making a profit and having more products they forget about their workers and their rights. A lot of these workers have to work for multiple hours everyday nonstop just so that the companies can get more and more products. For example, these workers do the work but the companies are the only ones that get the money and see a benefit. Workers are underpaid for the work they do each
Workers overseas get lower wages compared to the workers working in the more developed countries. Exploited, there’s nothing that the workers can do about it since they aren’t allowed to create unions to protect themselves. Countries are now even more in debt as some people believe that the IMF and the World Bank take advantage of them controlling not only their economy but even their politics. Inflation happens to a country, and in Jamaica, chaos was created due to that issue, the people became pugnacious and became rebellious. Economic globalization can bring many good opportunities, but it could also bring some sort of adverse outcomes to a country.
Labor’s rights, this issue have been bothering many worker since the 19th century and can still be a problem today. As John L. Lewis has said in his speech “I repeat that labor seeks peace and guarantees its own loyalty, but the voice of labor, insistent upon its rights, should not be annoying to the ears of justice or offensive to the conscience of the American people” (John L. Lewis), which under his words meant that labor is something that can be done right and peacefully but it needs rules and benefits that come with those rules which labor asks for and when labor asks for those rules and benefits it shouldn’t be taken like some annoying kid’s demands but more as something that needs to be done and done with a right mind set. Labor today consists of a man or woman going to work, working their hours, and finally getting paid for those hours at the end of the week, at least a minimum of $7.50 an hour (United States Department of Labor), but before it wasn’t like that before many workers would get paid very poorly even thought they would work for a lot of hours and they wouldn’t get benefits from their work or safety when working such as in the mines like the mine workers, but one man stood up for them and his name was John L. Lewis (John Llewellyn Lewis, Encyclopedia).
The leaders of big business didn’t give workers the rights they deserved. In the text, Captains of Industry or Robber Barons?, it states, “Workers were often forbidden to strike, paid very low wages, and forced to work very long hours.” This evidence is a perfect example of the dehumanization of workers. The employers treated their workers like interchangeable parts, which were easily replaced. The big business leaders started paying less attention to the working conditions, and more to the production rates, and money. They didn’t care about worker’s family or the worker’s wellbeing. Due to the horrible working conditions, the workers were more likely to be injured, and sometimes, die. The capitalists didn’t give their employees the rights and respect they deserved, because to them they were just unskilled, cheap labor. If the workers were unhappy, they would easily replace them with other unskilled workers. That’s why they were considered interchangeable parts. This evidence shows the big business leaders only cared about money, and didn’t treat their workers
Globalisation is a growing phenomenon that is the result of various developments in the global environment, each of which merits an individual analysis of its social impacts. For the purpose of this analysis, the focus will be placed upon arguably its most controversial aspect, offshore outsourcing. Offshore outsourcing, or offshoring, is becoming an increasingly common business practice as a result of a combination of the recent technological advancements in the areas of transportation and communication, and the increased competitiveness of the business world. From the perspective of firms, tapping into cheap labor from less developed countries is a very logical business decision to reduce costs and maximize profits. This has not only motivated businesses to engage in offshoring, it has sometimes been critical to their survival in fiercely competitive environments.
Offshoring American jobs have positive and negative consequences to the American community. Some of those consequences of offshoring American jobs include Amer...
This therefore creates an incentive to keep costs low and selling prices high which results in instability making these workers further reliant on the capitalist who buy their labor. This is a form of oppression and domination of the workers because the boss profits based on the exploitation of workers. Once these workers are being alienated, dominated, and oppressed there is a progression that happens. They are first alienated from their own labor; they are a part of just one piece of the labor that goes into making the product. This makes their jobs menial and tedious, the workers do not find joy or fulfillment in their jobs and no longer see their labor in the product. They are also alienated from one another, in this system people are placed in competition with one another and therefore they only look after themselves to make sure they get the best benefits. They are then alienated from their product labor, they work for a product that does not matter to them and that they have no passion for. The last form of alienation is that they are alienated from themselves; by being apart of this system, it does not allow us to contribute
Recently outsourcing has been in the news, especially during political election years. It seems to be a phenomenon that is causing much concern among the population. But exactly how is outsourcing effecting both workers and businesses? And is it as big of a problem as politicians describe?
As the problem of job outsourcing becomes more of an issue in politics, elected officials like the President and Congress will no longer be able to ignore the dilemma. The war in Iraq has been at the forefront of the presidential race but the importance of outsourcing American jobs seems to have been slightly overshadowed. If the issue of outsourcing is not watched carefully and a definitive plan hammered out, a trickling down of negative effects may occur within the U.S. economy. However, there is a polarized opinion on the effects of this “phenomenon”.
Do you ever wonder what our nations underlying focus is? The answer is simple and should be fairly easy to guess… Money! Outsourcing originated from someone coming up with the idea that we can make products for practically nothing in other countries and make very high profits. Although it seems like a great idea to businesses, it negatively affects our country. American consumers are buying these products that are made in other countries and the companies profits are continuing to rapidly increase. At the same time, people that are in the production field of work in America are losing their jobs because producers would rather pay foreign workers to get the job done for a much lower wage. When it comes down to it, one of the reasons our economy is suffering is because of outsourcing. Basically, it all comes down to money. The consumers don’t pay close enough attention to where the products are made. Therefore, consumers are spending extra money and are causing outsourcing to thrive. The lack of knowledge Americans have on the subject of consumers affecting outsourcing is leading our country to economic stress but if we begin to recognize the issue, the jobs we could potentially save may be our own.
Outsourcing is important because many companies rely on it in order to get many different products and services to their facility on time and in good shape. Outsourcing is a huge part of the business industry today. Any business can be affected by outsourcing. No matter how big or small a business is a business is able to outsource services that they could not do profitable on their own.
Large corporations seeking the extra dollar to pocket are willing to spend whatever it takes to reduce the cost of production and increase profit margins. Doing whatever it takes in some instances can help men moving operations overseas to developing countries who are glad to be working. These developing countries unemployment rates are extremely high, so any job that pays is great to have. Americans lose jobs to foreign workers because the American economy is one of the largest in the world and its citizens enjoy great standards of living, when juxtaposed with a city of the same size in Taiwan. Labor costs play a huge and crucial role in corporations, which in turn pay the profits to the corporate giants who run, manage, and own the businesses.
We say that we are heading toward a more global economy because of the fact that competition in today’s markets is global. This means that corporations in the United States can compete in foreign markets and vice versa, therefore U.S. corporations and foreign corporations become interdependent and thrive off each other. This can have a good impact on the United States because it allows U.S. corporations to seek materials and labor outside of the U.S. in countries such as China, India, and Mexico, where workers are paid a lot less money than U.S. workers, thus allowing them to sell their products for significantly cheaper than if they were produced in the U.S.; however, the tradeoff is that many American workers in the industrial sector lose jobs due to this shift of labor to overseas. In the long run this will be beneficial for the U.S. and although some percentage of workers are losing work, new jobs in the services sector, in fields such as computer technology, telecommunications, and language skills are opening up and experiencing growth because of this change.
Globalization is huge part of the success of some the biggest firms today, from Apple, General Electric, to Google. It allows a business to develop international. It allows reduced costs by maximizing production known product lines, allowing to expand into different markets gives a more competitive edge and expanding to new technology helps to increase to a bigger company, having more political edge within trade agreements.
With the globalization of a product, a company might benefit in many ways. First, by sifting its production or services overseas, the company can reduce its overall production costs due to availability of low-cost labor. Second, working collectively with other companies overseas allows companies to access technical knowledge or resources that are either unavailable or are too expensive at home.
People need to get educated about the great impact that offshore outsourcing has on an economy. The global economy has started to thrive and offshore outsourcing has profited the consumers as companies want to cut costs and competition, which is why I support offshore outsourcing jobs to foreign countries. What does it mean to offshore outsource? Let’s first start by explaining what outsourcing means. The basic meaning of outsourcing is to obtain goods or services from an outside source.