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[Wharton School] Overall the effect of this is the loss of around 400,000 U.S. IT jobs to offshore locations. However, the open labor market conditions that exist in the U.S. gives a remarkable flexibility and this is reflected in the fact that every week more than a million workers either quit or get laid off and are replaced by other personnel.
The fact that out of the total of $120 billion expended on IT services in 2003 only 1.4% was spent on outsourcing jobs projects a clear picture that there is an exaggerated concern about the negative effects of outsourcing. Also the total import of business services for the same period (2003) which stood at $87 billion was more than offset by the total export of...
[Murray Weidenbaum]. Though at the outset it is difficult to endorse outsourcing especially when the personal feelings of people are involved, a broader economic perspective indicates that outsourcing is an inevitable part of the global economy and hence has to be supported.
Bibliography
Murray Weidenbaum, "Outsourcing and American Jobs," Accessed on 2nd November 2004, http://wc.wustl.edu/Breakfast_Programs_Transcripts/Weidenbaum_Outsourcing.pdf
Wharton School, "The Case For, and Against, Shifting Back-office Operations
Overseas," Accessed on 2nd November 2004, http://knowledge.wharton.upenn.edu/100902_ss1.html
Bibliography
Murray Weidenbaum, "Outsourcing and American Jobs," Accessed on 2nd November 2004, http://wc.wustl.edu/Breakfast_Programs_Transcripts/Weidenbaum_Outsourcing.pdf
Wharton School, "The Case For, and Against, Shifting Back-office Operations
Overseas," Accessed on 2nd November 2004, http://knowledge.wharton.upenn.edu/100902_ss1.html
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Outsourcing Among the list of controversial issues relating to jobs and the economy in the United States, outsourcing is right up there near the top. Politicians frequently attack each other using the phrase, "sending our jobs overseas…" and many a politician has been stung by this accusation. Thesis: While there are clearly benefits to be realized by companies that engage in outsourcing, there are also difficulties, drawbacks, and unanticipated expenses associated
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