Negative Effect Of Outsourcing

Essay specific features

 

Issue:

Social Issues

 

Written by:

Ralph M

 

Date added:

March 14, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 441

 

Was viewed:

5951 times

 

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Essay content:

As a student of College Management who major in Business and also minor in Economic, I strongly believe that outsourcing is damaging America‘s economy. Unemployment issue The US’s growing unemployment rate is related to this outsourcing trend. One figure from Forrester’s Research shows that at least 40% of Fortune 1,000 companies are sending US jobs overseas...
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The proponents of outsourcing argue that the outsourced workers will be able to find job replacements through retraining. However, according to a report by the McKinsey Global Institute, 31% of workers who lost their jobs never found employment, (Reingold). In addition, The negative effects of outsourcing are obvious...
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