Are you for or against the outsourcing of American jobs and Why?
Are you for or against the outsourcing of American jobs and Why?
With the upcoming presidential elections it is important to consider some of the country's most controversial issues such as the outsourcing of American jobs. Americans from all different walks of life have a unique voice on these issues. This question prompt is meant to encourage you to find your unique perspective on outsourcing. For some Americans, outsourcing is a key business tactic that allows them to live on a fixed income through smart investments; for other Americans, outsourcing limits their employment opportunities; moreover, some akin outsourcing as a modern-day form of slavery.
In a "global economy" there will always be outsourcing.
The U.S. will never be able to compete with third world countries and China when it comes to offering (cheap labor) or less environmental regulations.
The reason why anyone starts a business is to make money.
To restrict outsourcing is to tell someone how much money they're allowed to earn in profits. Public companies in particular will always be under pressure to outperform their last year's numbers to satisfy stock holders.
You can only raise the price on your goods and services according to what the market will bear. Thus you have companies looking for ways to cut costs and expenses.
The only way I can imagine effecting outsourcing is through an array of corporate tax incentives for companies who do a very large percentage of their production work in the U.S.
Another possibility is to take some of the money used for welfare and unemployment to partner with companies that hire out of work citizens similar to Section 8 where the government subsidizes landlords.
Ideally the employee paying income taxes and social security taxes would help counter expenses of the government and stimulate the economy as more products are bought by working folks.
For example up to $15 per hour employee the government will pay $5 to the company to supplement each hour. A 40 hour week would cost the government $200 instead of the much higher payout for unemployment and or WIC programs.
After each year the payout drops by a $1 an hour. By then the company will have gotten a well trained employee at cheaper rate.
Of course there would need to be some regulations to prevent companies from constantly laying off people only to rehire them or someone new just to get the full $5 again.
At any rate we have to "think outside of the box" and get "creative" to motivate companies hire more workers who reside in the U.S.
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