Outsourcing – Its Impact on American Jobs Market

In 2004 the democratic presidential candidate race was zeroed down to which candidate proves his protectionism in eyes of average Americans, who are worried about the increasing number of jobs loses due to outsourcing and off-shoring. To sum up the sentiments management thinker Tom Peters puts it in one of his presentation (Tom Peters 2004) -“when I was young my mom use to tell me finish your food, people in India and China are dying of hunger. Today I tell my daughter finish your homework, people in India and China are looking for your job”.Outsourcing and off shoring has become the latest rage in corporate America. Companies are resorting to outsourcing to cut costs and be competitive in the market. This focus on outsourcing has led to shipping out of thousands of American jobs to far fetched place like India and China.Today Young people sitting in their offices in Bangalore and Dublin are answering average American’s insurance queries, planning their taxes, helping them fixing their computers, providing information regarding their credit card accounts and helping them in planning their debts. The surge doesn’t last there it has now started threatening the white collar jobs which was once considered Americas birth… Read full this story

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