Before I even start on this subject, is outsourcing really a bad thing? It does damage the economy in a short term effect, but as the other countries we are outsourcing to grow their economies, the more jobs are flowing in from outside sources. This is especially helpful in the manufacturing industry. A good example was when GM, Ford, and Chrysler outsourced to areas such as Mexico, Canada, and regions in Central and South America in order to compete with the other foreign car industries such as Toyota, Kia, or Nissan. The companies were able to stay afloat, but the immediate issue was the lack of jobs in the manufacturing industry from American companies. The problem fixed itself because the foreign companies insourced more jobs to compete with the now more efficient companies they need to go against.
Yes, we sent jobs to other countries, but they flowed back from different ones so that their companies would still be able make a profit in America. More jobs were created than were lost, and the outsourcing of those companies allows for the business itself to grow. This creates even more jobs, making up for the ones sent overseas to other nations. Jobs from outside nations are even better because they bring in new money to the economy. This stimulates the economy and allows for growth. The smaller the economy of a nation, the more likely jobs will be insourced. The more companies outsource jobs, the more jobs that flow in, and that increases the circulation of money. The cost of outsourcing jobs in manufacturing is immediate difficulty for Americans, but future economic growth.
Hi Elijah - Your homework was to fix this blog. It does not have any research to support your ideas.
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