This article was written four years ago. Shocking numbers and statistics. Please remember that your economic misery is not caused by personal failings on your part, but caused by official government policy. The powers that be want a high unemployment rate to turn you into scared little rabbits, who will work for whatever they want to pay, in any sweatshop they choose. Are you going to let them get away with it?---rng
from socyberty.com
by Heather Wood in Economics, April 15, 2007
Read more: http://socyberty.com/economics/the-dangers-of-outsourcing-to-foreign-countries/#ixzz1X21c3kak
The drawbacks of outsourcing work to foreign countries.
According to a report put out by the Bureau of Economic Analysis, the median income in 1969 was equal to $33,072. Almost thirty years later, that figure stood at $35,172. In twenty years time, incomes have only risen approximately $2,000. Given the much higher cost of living, this report shows how we are working harder to earn less. The rising cost of fuel, cars, heating, electricity, the advent of cable and the Internet, all play a large part in the difference in costs of living. It is no wonder that more couples are forced to work and the day of the stay-at-home parent is coming to an end.
Today, the average unemployment rate stands at 4 ½%. Alaska, Michigan, and South Carolina have the highest unemployment rates, each set at more than 6%. One of the largest contributors to the national unemployment rate is outsourcing work to foreign countries.
According to Goldman Sachs, between 300,000 to 500,000 jobs have been lost to date. The company estimates that this will lead to a loss of 6 million jobs over the next ten years. With 140 jobs located in the United States, this may not seem like a lot, but it would be similar to eliminating every job in Arizona. That is a significant number of jobs to be eliminated.
In 1994, NAFTA (North American Free Trade Agreement) was passed by then President Bill Clinton. His goal was to open the trade routes to all countries. Unfortunately, it led to many plants moving across the borders to Canada and Mexico. While outsourcing had begun in the 1980s, it grew by leaps and bounds in the latter part of the 1990s. Jobs went overseas to China, Japan, and India and the economy began to falter as American’s lost their jobs and suddenly faced living on minimum wage as higher paying jobs went to these other countries.
For more ...
from socyberty.com
by Heather Wood in Economics, April 15, 2007
Read more: http://socyberty.com/economics/the-dangers-of-outsourcing-to-foreign-countries/#ixzz1X21c3kak
The drawbacks of outsourcing work to foreign countries.
According to a report put out by the Bureau of Economic Analysis, the median income in 1969 was equal to $33,072. Almost thirty years later, that figure stood at $35,172. In twenty years time, incomes have only risen approximately $2,000. Given the much higher cost of living, this report shows how we are working harder to earn less. The rising cost of fuel, cars, heating, electricity, the advent of cable and the Internet, all play a large part in the difference in costs of living. It is no wonder that more couples are forced to work and the day of the stay-at-home parent is coming to an end.
Today, the average unemployment rate stands at 4 ½%. Alaska, Michigan, and South Carolina have the highest unemployment rates, each set at more than 6%. One of the largest contributors to the national unemployment rate is outsourcing work to foreign countries.
According to Goldman Sachs, between 300,000 to 500,000 jobs have been lost to date. The company estimates that this will lead to a loss of 6 million jobs over the next ten years. With 140 jobs located in the United States, this may not seem like a lot, but it would be similar to eliminating every job in Arizona. That is a significant number of jobs to be eliminated.
Most of the outsourced jobs are in these related fields:
- Business Applications
- Communication Services
- Data Operations
- Help Desks
- IT Infrastructure
- IT Security
- PC Management
- Specialized Manufacturing
- Websites
Many companies are outsourcing jobs to other countries. A small list follows.
- Cisco Systems
- Dupont
- General Electric
- IndyMac Bancorp
- Marriott Hotels
- Penske
- Proctor & Gamble
- Unilever
- Wachovia
- Wyeth
In 1994, NAFTA (North American Free Trade Agreement) was passed by then President Bill Clinton. His goal was to open the trade routes to all countries. Unfortunately, it led to many plants moving across the borders to Canada and Mexico. While outsourcing had begun in the 1980s, it grew by leaps and bounds in the latter part of the 1990s. Jobs went overseas to China, Japan, and India and the economy began to falter as American’s lost their jobs and suddenly faced living on minimum wage as higher paying jobs went to these other countries.
For more ...
No comments:
Post a Comment