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Personally, the practice of offshoring is abhorrent and to be avoided. It takes jobs away from qualified American workers simply for a company to save money. Many companies pay their offshore employees extremely low wages that lead to sweatshop like working conditions for many in the manufacturing industry. Companies are entitled to make a profit, but when it is at the expense of the workers who create their products, then massive profits are simply wrong. In addition, the globalization of many major companies has the potential to affect worldwide economies if something goes wrong, and that could have disastrous results in the U.S. And around the world. The practice of offshoring may be cost effective, but in the end, it seems that it could be very detrimental to the United States and the world.
In conclusion, offshoring may have some benefits, as in keeping the prices of some manufactured items lower than if they were manufactured in the United States, but it is a poor business practice for many reasons. It hurts the American...
The American economy is turning downward for a number of reasons, and if America continues to lose large amounts of jobs to downsizing, it can only mean a weaker economy in the future, and could even mean recession.
References
Bivens, L.J. (2006). Offshoring issue guide. Retrieved from the Economic policy institute Web site: http://www.epi.org/content.cfm/issueguide_offshoring21 May 2007.
Brown, S.P., & Siegel, L.B. (2005). Mass layoff data indicate outsourcing and offshoring work. Monthly Labor Review, 128(8), 3+.
Jones, G. (2005). Multinationals and global capitalism: From the nineteenth to the twenty-first century. Oxford: Oxford University Press.
Ramstack, T. (2004, June 10). Union shielding sought from 'offshoring'; Ranks of organized labor swell as workers struggle to keep their jobs. The Washington Times, p. C10.
8 million in reduced utilities costs" (Young 56). Thus, Sun has reduced costs significantly, while keeping its workforce solidly on American soil. There are ways for smaller companies to utilize these types of solutions, as well. Flextime, telecommuting, and even satellite offices can help save money while creating a more motivated and productive workforce. Often, after implementing flexible work options such as these, output increases, because employees are happier and
It may come back tenfold, as corporations suggest, in overall income from exports, higher salaries in poor countries whose recipients will become consumers of American goods, and higher profits for American corporations in the meanwhile because of lower overhead. Still, as Hira and Hira suggest, it would not hurt to take precautions that American jobs are protected by first of all admitting that a problem exists, by gathering data
Outsourcing and offshoring are two means by which a business can reduce its costs, and these tactics can also have strategic advantages as well. However, they also typically come at a cost, in particular to workers in industrialized nations. Offshoring in particular has become a political issue as well, cited as a reason for the decline of the middle class. This paper will look at these related issues through a
Outsourcing and Offshoring Critically examining the current business practices used by the Hershey organization in the wake of globalization, it is evident that outsourcing and offshoring are among the most prominent practices currently being utilized by the organization. A review of the literature on the process of outsourcing indicates that, overall, this practice is often met with considerable disdain by domestic workers. Scholars argue that the principle perception that pervades the
On the other hand, it is not always about the negative effects of cost cutting that is important to focus on during the analysis of whether the strategy is beneficial or more costly. There are researches and studies that also reveal the positive sides of cost cutting. The problem being focused in this paper, however, is the study and analysis of how much benefits can cost cutting really bring to
This is aggravated by the fact that companies may be fleeing the requirements of the Sarbanes-Oxley act that demands certain standards of fairness and equitability from American-based corporations. Trends in outsourcing Outsourcing seems to be a trend that is on the increase in the U.S. To the extent that the ICA sees most opportunities and businesses by 2020 being produced from abroad (Das, 2010). Another -- and fascinating trend seems to