10.3 million unemployed. Where are the jobs?
December 8, 2008 | Vetting explained
Apparently my first attempt failed to upload... if it pops up later, I apologize for any duplication.
No one knows how many service jobs have been outsourced abroad, because U.S. companies are not required to maintain such statistics. And, if outsourcing leads to the creation of jobs elsewhere in the economy, as many economists argue, that is also difficult to quantify. Most estimates of U.S. jobs lost come from consulting companies or industry groups directly involved in outsourcing.
Boston-based consultancy Forrester estimates that 400,000 service jobs have been lost to offshoring since 2000, with jobs leaving at a rate of 12,000 to 15,000 per month, says John McCarthy, the company's director of research. Other estimates say up to 20,000 jobs a month may be moving overseas. This is in addition to the 2 million manufacturing jobs that are estimated to have moved offshore since 1983. These numbers are predicted to rise. Management consulting firm McKinsey & Company's economic think tank, the McKinsey Global Institute, predicts that white-collar offshoring will increase at a rate of 30 percent to 40 percent over the next five years. By 2015, Forrester predicts, roughly 3.3 million service jobs will have moved offshore, including 1.7 million "back office" jobs such as payroll processing and accounting, and 473,000 jobs in the information technology industry.
So, statistics not maintained? How can America regulate something like this if they don't keep records? It seems that needs to be correct first and foremost.
I fail to understand when, during a time of financial crunch for every American citizen we allow such a high number of unemployed citizens? Millions, if not a few Billion of this bailout money shuffled into unemployment benefits and incentives for companies to increase employment, I would think, would be a smart way to help the American people, don't you? Secondly, start bringing some of this jobs back to America.
Let me stay that again: Bring American jobs back to America!
Outsourcing was a FAILED EXPERIMENT constructed in the 1980's as a means for companies to save costs and increase profits. It involves the transfer of the management and/or day-to-day execution of an entire business function to an external service provider. The client organization and the supplier enter into a contractual agreement that defines the transferred services. Under the agreement the supplier acquires the means of production in the form of a transfer of people, assets and other resources from the client.
The client agrees to procure the services from the supplier for the term of the contract. Business segments typically outsourced include information technology, human resources, facilities, real estate management, and accounting. Many companies also outsource customer support and call center functions like telemarketing, CAD drafting, customer service, market research, manufacturing, designing, web development, content writing, ghostwriting and engineering.
Again, with 10.3 million unemployed, facing foreclosure or eviction, starvation, homelessness, etc. how can we justify outsourcing millions of jobs which would potentially be the difference between life and death for many American families? Furthermore, the more employed citizens we have, the more money will be pushed back into the economy through spending. We can save this economy by correct many of the things I have mentioned; regulate businesses to ensure proper spending, refuse to pay CEOs multi-million dollar bonuses from bailout money and cut outsourcing in an effort to lower or abolish the unemployment rate in America.
In essence, if you think about it, it's this country's current "free enterprise" system that's ruining us. It has been abused and allowed to run out of control. It's only a matter of time before this ship sinks for good.
Do you think they'll bail us out if and when the time comes or leave us to drown?
statistics reported by the Council on Foreign Relations: http://www.cfr.org/publication/7749/trade.html
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