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tends in economics and the impacts they

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Issue:

Business

 

Written by:

Gerald H

 

Date added:

April 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1575

 

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With absolutely no regards to job seniority, profits of the company or education level. This was a real problem that economists couldn’t address, because this went against basic macro-economics. But the term downsizing was used to describe this action when a company had increasing growth but was cutting their labor force...
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This was mainly due to outsourcing of many assembly plant jobs. Also jobs related to tech support through telephones. The south was particularly hurt due to outsourcing of textile mill jobs. The loss of jobs in the US is a staggering number tipping the scales at 200000 jobs per year. All lost to outsourcing major plants to countries like india, china and other developing nations...
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