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Thomas Iida

Outsourcing: An American Tragedy - 0 views

    • Thomas Iida
       
      very opinionated paper
  • claiming that moving jobs overseas is necessary for them to make a profit.
  • She has to train her Indian replacement, and a few in her department must go to India to train their replacements in order to get their severance pay. What is this country coming to?” (Dobbs 164-165).  
  • ...18 more annotations...
  • inexpensive high quality labor
  • I am an ex-banker with thirty-eight years in that field. My bank outsourced many jobs overseas.
  • crippling the future economy of the United States
  • the more we must depend on other nations for our goods and services
  • feel very strongly that it is important to our economy, whereas American workers, who are constantly losing their jobs, and retirement savings because of outsourcing, feel very strongly that we must put an end to it.
  • outsourcing much of their computer work to India
    • Thomas Iida
       
      Loophole: if try and take away the trade laws, labeled as "protectionist" action
  • we leave vital data about Americans in the hands of people who do not have any laws against sharing it with others
  • fewer tax dollars in our system. This means that there will soon be “no tax revenues to fund our education, health, infrastructure, and social security systems”
  • Outsourcing involves moving a job from one place to another in order to save money. Recently, in America, large companies have been hiring workers in second and third world countries because the cost of labor is much less expensive in areas outside of America. Although this saves large corporations money on labor, its impact on the United States economy is devastating
  • bring their money back in to the country at a tax rate of 5 percent rather than the standard corporate tax rate of 35 percent
  • who deserve that money in their tax system
  • We must put laws in place that penalize companies from building up money in offshore accounts.
  • any action that we take to stop our trade deficit is labeled as a “protectionist” action.
  • urcing jobs in the medical and tax fields, we leave vital data about Americans in the hands of people who do not have any laws against sharing it with others (Dobbs 36). In the long run, by importing more than we export we are increasing the national deficit. According to Ro
  • “My government is helping Americans who have lost their jobs get new skills for new careers. And we're helping to create millions of new jobs in both our countries by embracing the opportunities of a global economy” (United States, Office of the Press Secretary)
  • Outsourcing can only be a success if each worker that loses a job in America is given a better job to do; because American workers are not being redeployed the outsourcing movement is unsuccessful (Hira). A lesson that we must learn from the Reagan administration is that it is not “protectionist” to set boundaries on our trade agreements. Our government must step up and protect our workers, regardless of how it looks in the eyes of the World Trade Organization; we must step up and demand this from our government
  • we must have high paying, advanced jobs in this country
Thomas Iida

Offshoring - outsourcing to extreme - 1 views

  • Next they discovered that they could shed even core functions by hiring them out to companies that could do them more efficiently and, thus, less expensively.
  • Companies were hired to do collections, customer call centers, and employee benefits. Collectively, this was called outsourcing.
  • . Both companies, the service provider and the client, profited from the arrangement.
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  • Companies began outsourcing work to the lowest bidder and lost sight of the effect it had on the company except for finances. Outsourcing this work to "foreign" or "offshore" companies, solely to take advantage of lower labor rates in those countries, became known as offshoring.
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