Why Outsourcing Hurts United States Economy Essay

‘Is your job next?’ headline blared, followed by the disturbing preview of the article inside: â€Å"A new round of globalization is sending upscale jobs offshore. They include chip design engineering, basic research— even financial analysis. Can America lose these jobs and still prosper (R. Hira, 2008, p-1)?† The reaction of this news was swift and divided. Definitely large corporations that will be outsourcing will make huge profits in the long run but â€Å"what about the American citizens?† Jennifer, an American citizen, working for a big recruiter company, was sitting in her cubicle sorting out the resumes and suddenly manager calls in for meeting. She with her other colleagues went to the meeting room with a surprise. After discussing for a†¦show more content†¦The phenomenon has created major suffering for many American and as this outsourcing continues to spread, Americans will demand action (R. Hira 2008, p-95). The book also adds that scholars Ralph Goory and William Baumol have shown that even when the basic model of the economics are used trade does not make both the trading partners better off. The trading in one country will have a negative impact while trading in other country will have a positive impact. The country with negative impact will definitely affect its economy. United States economy being the world’s largest economy; historically, it has maintained a stable GDP growth, a low unemployment rate, a high level of research and capital i nvestment funded by both national, and because of increasing saving rates, increasingly by foreign investors. But offshore outsourcing has increased the unemployment rate dramatically in the decade. And so the economy worsened day by day. The truth is that many US companies lose the business as a result of offshore outsourcing. This has most affected the commercial real estate market. As the companies outsourced their work they no longer required employees and also the commercial building. Many commercial real estate industries think that the outsourced white collar jobs diminish the demand for the office space and many sites are sitting there as it is. For instance, one industryShow MoreRelatedOutsourcing Of The United States1355 Words   |  6 PagesInvestopedia, outsourcing is â€Å"a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally† (Investopedia, n.d). Companies use outsourci ng to reduce costs and improve productivity. In the 1970’s and 1980’s was when companies first began looking for alternatives to increase their profits and increase the production of their products (Narayanan, 2015). Products were becoming to expensive to make in the United States and otherRead MoreOutsourcing American Jobs Hurt U.s. Economy Essay1672 Words   |  7 PagesOutsourcing American Jobs Hurt U.S. Economy The dawn of the outsourcing era. Many large U.S. corporations cultivates outsourcing faster than we can imagine. The trend that began in the late 1970 and picked up speed in the 1900s with the opening trade with China, India, and Eastern Europe (â€Å"Outsourcing: What’s the true Impact†). In its broadest sense, outsourcing is simply contracting out functions that had been done in-house—a longtime U.S. practice (â€Å"Globalization: Threat or Opportunity†). SubsequentlyRead MoreOutsourcing : Effect Of Outsourcing1631 Words   |  7 Pages OUTSOURCING : EFFECTS OF OUTSOURCING IN AMERICA DHANASHREE AROTE 83360 INDEX Serial No. Topic Page No. 1. Introduction 3 2. Benefits of Outsourcing 4. 3. Negative Effects 5 4. Managing Outsourcing 7 5. 6 Key Trends 8 6. Conclusion 8 7. References 9 INTRODUCTION In today’s global business competitive environment, business organizations must innovate and adapt new strategies to sustain revenue generation, value while remaining competitive. Organizations have embraced outsourcingRead MoreEffects of Outsourcing on Companies Employees and the Economy1634 Words   |  7 PagesEffects of Outsourcing Timothy Nicotera University of New Hampshire Abstract This paper will look through the effects that outsourcing has on American business, the economy, and social issues now as well as into the future. Outsourcing is a growing trend among companies large and small as an attempt to gain a competitive advantage in both local and global markets. There are both positive and negative impacts of this way of doing business that need to be realized and accounted for in order forRead MoreThe Advantages and Disadvantages of Outsourcing Essay1753 Words   |  8 PagesIn the past decade the topic of outsourcing has become a heavily debated subject on if it is ethically correct to outsourcing jobs to foreign countries. Outsourcing has become more and more an option for many companies and not just an economic fad. The decision to outsource is a difficult one for any company to make because there are many advantages and disadvantages to consider. The decision to outsource affects many people, communities, and industries so if a corporation decides t o outsource theyRead MoreEssay On Carbon Tax1128 Words   |  5 PagesQuebec. While British Columbia and Alberta have a carbon tax, Quebec uses a cap-and-trade system instead. The government believes it is important to avoid â€Å"economic damage caused by cross-country carbon price differentials.† (Maclean’s, 2016). That is why they are introducing a national tax on provinces and territories that don’t have a tax. British Columbia’s Liberal government party plans to freeze the carbon tax if re-elected. Furthermore, the plan is to have a $30 carbon tax rate for five years toRead MoreThe Economic Disparities Between The United States And Other Nations1033 Words   |  5 Pages The economic disparities between the United States and other nations are extensive. Outsourcing American jobs are still not enough for struggling nations, but why? The conditions in peripheral countries on things such as roads, vehicles used, and the homes broadcast are just a few of the images continuously televised on a nightly basis. With this in mind, what is it that makes our condition differ from the others? As a core nation, the United States appears to have the best of everything whileRead MoreAssignment1318 Words   |  6 Pagesexpansive country to the forefront of international trade. Currently the world’s fastest growing major economy, China is set to eclipse the United States as the world’s largest economy by 2016. Among various domestic and international plays, one of China’s most fascinating uses of its newfound economic might is a considerable interest—and investment—in the continent of Africa. As its economy grew throughout the 2000s, China began establishing oil and mining firms across Africa. In return forRead MoreBussiness Qa Essay1476 Words   |  6 Pagesopportunity? 2. Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage in their industry? 3. Explain how to calculate the balance of trade. How does the growing United States trade deficit impact the economy? Why? 4. Explain the meaning of â€Å"strong† currency and â€Å"weak† currency. What are the advantages and disadvantages of each? 5. Why is outsourcing such an attractive way for firmsRead MoreChanging Economic Structure Of The United States Economy2127 Words   |  9 PagesEconomic Structure Harmful to U.S. Economy By: Samuel Winegar Submitted to: Dr. S. Ray Barnes 05/05/2015 Thesis Unemployment has been on the rise in the United States in recent years. One of the large contributing factors of this is the change in the structure of the country’s economy. Many jobs, particularly manufacturing and industrial type jobs are being outsourced to other countries. An increase in unemployment due to a change in the economy is structural unemployment. This paper

Puritanism Vs Deism - 1489 Words

In the mid to late 17th century, New England settlers were attempting to break away from Britain and begin a new society. They wanted to reinvent their own culture, govern themselves, and begin what they hoped would one day become a prosperous nation. One thing they wanted to have the liberty of practicing was religion, and having the choice of which particular religions they wished to follow. Puritanism and Deism were two different religions that were practiced in 17th century New England, and the differences between them sometimes were grounds for confrontations and conflict. The Puritan standpoint depicted in the works of John Winthrop, Michael Wigglesworth, John Dane, and Mary Rowlandson, and the Deist views of Benjamin Franklin†¦show more content†¦This statement shows Franklin s view of our Creator, which is the belief that no evil existed in the world, so humans were not created with the notion that they are unworthy and undeserving of God s grace. Franklin goes on to say, And therefore every Creature must be equally esteem d by the Creator (Franklin, 27). According to Deists, their God was not a biased God, and every human was created equal, with no one having a better chance to make it to heaven than others. The Puritan and Deist views on afterlife are also an area where these two religions are not in sync with one another. Puritans believed in the concept of predestination, meaning that it was determined whether one was going to spend afterlife in heaven or hell at the time of their creation. In Day of Doom, Michael Wigglesworth, a minister in Massachusetts during the 17th century, explains how there will come a day when Christ returns to earth to judge who will be destined for heaven or doomed to hell. He writes that Christ explains to those who are being sent to hell deserve their eternal punishment, despite the fact that it was a foregone conclusion due to the fact that it had been predetermined. He also explains that in order to accept the offer of God s salvation, one must be able to comprehend the meaning of such an offer. This puts certain members of society at an obvious advantage over others. For example, a middle-aged white male who has had some degree of education would surel y

nvq level 3 - 1083 Words

afe ire S guard h rs dults Boar d gA in Glouce uth ste o S Easy read South Gloucestershire Safeguarding Adults Board Winterbourne View Hospital A Serious Case Review By Margaret Flynn The Winterbourne View Hospital Serious Case Review What happened? Winterbourne View was a hospital in South Gloucestershire for people with learning disabilities and autism whose behaviour sometimes made their families and professionals worry. It was meant to help by assessing and treating patients so that they could have ordinary lives in their own homes. 24 Winterbourne View Hospital was owned by a company called Castlebeck. The NHS paid Castlebeck a lot of money to look after people there. It had 24†¦show more content†¦? They should have asked more questions when patients and staff reported problems at Winterbourne View Hospital. Page 4 e Safeguar hir d rs dults Boar d gA in Glouce uth ste So The NHS organisations that put people in Winterbourne View Hospital, the council’s safeguarding staff, the police and the Care Quality Commission should have talked to each other about the problems at Winterbourne View Hospital. It might have helped them to spot there was a big problem sooner. What should be done now? The Safeguarding Adults Board asked Margaret Flynn to say what should be done to make sure that patients aren’t hurt like this again. She said that the best place to care for people with learning disabilities and autism is in their homes and communities where they are known. When people go into hospitals for assessment and treatment, there are risks: they may get hurt, they may be there for a long time and they may lose touch with people who matter to them. There should be better ways of checking hospitals for adults with learning disabilities and autism to make sure that patients are safe. Page 5 Staff should always listen to patients, even those who may be difficult to understand. The patients who tried to run away were very good communicators. Patients who have been hurt should always be given the option of talking to somebody who does not work at the hospital. When a patient isShow MoreRelatedNvq Level 31411 Words   |  6 PagesUnderstand That Individuals with Dementia May Communicate In Different Ways CT244.1 1.1 Explain how individuals with dementia may communicate through their behaviour: Individuals with dementia find it difficult to understand words and meanings and forget what is being said even while we are speaking. Communication is more difficult if they are tired or upset. You may find they repeat questions frequently as they cannot remember asking them. When talking to an individual who has anyRead MoreNvq Level 36184 Words   |  25 PagesFLORENCE SMYTH 09TH MARCH 2015 HEALTH AND SOCIAL CARE LEVEL THREE. 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The Council operates as one organisation working towards a common aim: â€Å"This Council will provide services that are amongst the best in the UK and will lead to the achievement of the Vision for Swansea† Consequently the corporate plan focusesRead Morenvq level 3 3021444 Words   |  6 Pagesthis is the most valuable piece of information with the service users needs, wishes and preferences. Biv- Define what is meant by the term â€Å"active participation†. 1. Promoting there independence 2. Enjoy day to day life without any struggle 3. To help the service user with whatever they ask as you are the only help they may have. Bv- Give two examples of active participation, explaining how the individual using the service may benefit from being fully involved. 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Communicating with service users is also very important as it allowsRead MoreEssay on Nvq Level 31694 Words   |  7 Pagesrisk factors will include features that are physical or social, such as: * Uncomfortable levels of stimulation (eg too busy, boring) * Institutional-style setting (eg block treatment, rigid routines) * Poor service organisation (eg. inexperienced carers) * Inappropriate social environment (eg overly restrictive, limited choice) * Environmental pollutants (eg. temperature, noise levels) 3.2 Explain how slow and fast triggers contribute to challenging behaviour Triggers areRead MoreNvq Level 3 Essay779 Words   |  4 PagesInforming employers of personal difficulties If we follow these codes of practice, then my role as a health and social care worker will be greatly improved, and the way in which I support my service users will ensure that their rights and their support levels are met. 3.3 Describe how to challenge discrimination in a way that promotes change If I was to witness discrimination whether it is sexual, racial or any other form of discrimination, I would challenge it immediately, I could do this by firstlyRead MoreNvq Level 3 Abuse1767 Words   |  8 Pagesof care.   This can be the product of both ineffective and/or punitive management styles, creating an environment within which abuse can take place, intentional or otherwise.  Ã‚   It could include situations where there are significant numbers of low level, or other, concerns affecting more than one adult and concerns that the systems, processes and / or management of these may be failing to safeguard a number of adults leaving them at risk of harm or significant harm. 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This means recognising that all parts of person life will have an impact on their care needs and that you need to look beyond what you see when you meet them for the first time. The idea of person centred

Advance Business Planning

Questions: 1. Describe the difference between the market analysis section and the marketing plan section of a business plan. Why is it important for the marketing plan to be developed with the customer plainly in mind? Describe the difference between cost-based pricing and value-based pricing. 2. Why is it important to include an operations plan in a business plan? What is an operations flow diagram, and why is it important? Answers: 1. The market analysis section of a business plan is a short introduction listing factors of a marketplace in brief. This includes potential customers, demographics or sales trends that influence the market, price range, competitors, and technology to be applied (Barringer, 2015). On the other hand, the marketing plan section of a business is the blueprint or a comprehensive document that outlines the marketing and advertising strategies for the upcoming year. It involves the activities that are required to accomplish the objectives within a particular time frame. A marketing plan must comprise sales strategies, promotion, advertising, and pricing. It involves a description of the marketing mix (Barringer, 2015). It is of utmost importance that the customers are kept in mind while developing a marketing plan as the customers are at the receiving end. The marketing plan must be such that the customers are satisfied. This would attract new clients, and the business would flourish. Cost-based pricing is the method to calculate the price of a product. Cost based pricing utilizes production and manufacturing costs to determine the price of a product. Cost-based pricing is of two types namely full cost pricing and direct cost pricing. Through a full calculation, the company determines the floor and ceiling price (Barringer, 2012). However, the company must price the product between the ceiling and the floor. Value based pricing, on the other hand, is opposed to the manufacturing cost of a product. The value of a service or product is considered in the case of value-based pricing. To calculate the value of a product, the company analyzes the value or money a product would generate in the hands of the consumer when it is marketed. While value-based pricing focuses on customers, cost-based pricing lays its emphasis on the situation of a company to determine its price. 2. An operation plan is a crucial tool for an efficient business plan. It is a written document describing the business, sales, and marketing strategy. An operation plan is used for individual as well as total operating units. It helps to understand the goals of the company and provides direction to the employees and managers both vertically and horizontally. Also, it provides the goals, vision, mission, and directions of an organization. An operation plan describes the structure of a company and also the processes that would be carried out in the future. It addresses operational issues and strengthens team building. Mostly, it is a kind of orienteering map (Ruggieri et al., 2014) Often considered a counterpart of a flowchart, an operation flow diagram shows the relationship between primary components of a system. As the term suggests, an operation flow chart gives a visual presentation of the steps required to form an efficient operation plan. It involves providing information such as functions, steps involved in a process, and events. It means laying down step by step procedures and processes and provides information to the audience (Ruggieri et al., 2014). Flow diagrams provide a clear understanding of a process and facilitate communication and teamwork. Flow charts are used to identify the weaknesses within an organization, highlight them, and work on improving those weaknesses. References Barringer, B. (2012).Entrepreneurship: Successfully Launching New Ventures, (2012). Barringer, B. (2015). Preparing effective business plans (2nd ed.). Boston: Pearson. Cummings, T. G., Worley, C. G. (2014).Organization development and change. Cengage learning. Ruggieri, A., Silvestri, C., Piccarozzi, M. (2014). Consumerism, Market Analysis and Impact on Business Plan Definition.Marketing and Consumer Behavior: Concepts, Methodologies, Tools, and Applications: Concepts, Methodologies, Tools, and Applications, 228.