One in nine American jobs is vulnerable to outsourcing. This amounts to over 14 million jobs in total (Hira 2). The guarantee of protection from impending economic turbulence is uncertain. According to the Merriam-Webster, outsourcing can be described as obtaining goods or services from an outside or foreign supplier. The origins of outsourcing can be traced back to the first industrial revolution, when business tycoons began looking for new ways to increase revenue while minimizing expenses. Likewise, the tycoons of the twentieth century continue to practice the same ideals of increasing per capita profit. Furthermore, these techniques have evolved to evoke the epitome of outsourcing that plagues the American economy today. While outsourcing may be seen as a decent business strategy by some business owners, outsourcing has subtly done irreversible damage to today's economy by causing rising unemployment rates, as a result of allowing greedy companies to take advantage of low-paid foreign labor, which has promoted globalization. Outsourcing has done simple damage to the U.S. economy, accelerating job losses across the nation. Unemployment continues to encounter rising rates as various companies continue to leverage the outsourcing paradigm. As a result, the persistence of high unemployment rates delays economic recovery (Goldberg 1). In particular, the employment rate is a direct reflection of the health of an economy. In order for the economy to strengthen, citizens must pay contributions such as purchasing goods and paying taxes. Unfortunately, the unemployed without income cannot contribute to the economy. Ins...... middle of paper...... yes, workers are the most affected by globalization, they are seen as the bottom of the food chain. Rebuilding America. prod. CNBC. Perf. Jeff Immelt, Bill Ford and Leo W. Gerard. Films MediaGroup/Films on Demand, 2010. Edison State College/eResource. Network. November 12, 2013. A Consumer News and Business Channel program addressing unanswered questions about outsourcing. Those questions include: How can America bring more jobs back to the United States and revitalize our communities? It highlights the misuse of tax havens in other countries by companies that outsource work. Bill Ford, executive chairman of Ford; Jeff Immelt, president and CEO of GE; Leo W. Gerard; The international president of United Steelworks is asked questions regarding outsourcing interchangeably during a panel interview. Marketed as propaganda and seeks to appeal to general audiences.
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