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Essay / Research Paper Abstract
4 pages in length. Outsourcing is an unanticipated consequence of how technological advancement is both a boon and curse for the United States. Looking as far back as the Industrial Revolution provides key indicators of how such tremendous social, political and economic progress cannot exist without an equal measure of deficiencies; once industrialization took hold and people were able to lead more convenient and prosperous lives, the repercussion presented itself in the form of pollution, materialism and social divide. Today, outsourcing reflects what can happen when big business capitalism trumps the fundamental purpose of protecting national welfare. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: LM1_TLCOutSrcEc.rtf
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social, political and economic progress cannot exist without an equal measure of deficiencies; once industrialization took hold and people were able to lead more convenient and prosperous lives, the repercussion
presented itself in the form of pollution, materialism and social divide. Today, outsourcing reflects what can happen when big business capitalism trumps the fundamental purpose of protecting national welfare.
American-based companies that have taken their in-house business out of the country have cost the nations workers considerable economic loss. According to Gumpert (2004) who cites U.S. Labor Department
statistics, over forty-six hundred jobs were lost during 2004s first quarter, however, that number reflected only the involvement of companies with greater than fifty layoffs. Clearly, the impact that
small company layoffs has had upon the nations workforce has not been incorporated into this figure, which provides an inaccurate accounting of just how large a percentage of Americans have
been financially impacted by the outsourcing trend given the fact this is at a time when "growing numbers of venture-capital firms are insisting that the early-stage companies they invest in
outsource computer programming and other tasks overseas to save money" (Gumpert, 2004). From the opposite end of the spectrum, Engardio (2003) illustrates how the economic impact of outsourcing from
the United States is anything but grim for such countries as China and India, two nations that represent where the vast majority of American jobs are being transplanted.
Few topics are as radioactive as offshore outsourcing. In the current political climate, politicians, pundits, and angry laid-off workers are hunting for scapegoats for Americas largely jobless recovery.
You cant find better targets than China and India, both of whom undeniably are gaining from the sweeping restructuring of American technology, financial services, and telecom companies (Engardio, 2003).
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