Globalization: America Must Outsource or Die Essay

The free marketplace represents a superlative model of capitalism, since it denotes the most proficient and profitable way of production. In a free market, economic actors are capable of conducting business devoid of political interferences, such as the burden of a minimum wage, or trade in tariffs. Without these limits, economic actors are abridged to a state of clean competition, driving costs downstairs and resulting in senior quality and lower price products.

Entrepreneurs have free reign to start new businesses without fear of excessive government regulation and high levels of taxation. A person who has a dream must simply set his goal and work very hard. As long as he has enough determination and business savvy, in a perfect world, he should be able to find a niche for his small business. Although this aspect of free enterprise is viewed as a pro by some, this is seen by others as con. If, for instance, an individual from a disadvantaged background does not have access to the social services available within a socialist economic system, such as government issued educational grants, it may be difficult, if not impossible, for him to reach his professional goals. One of the major purposes of a free enterprise economic model is that it promotes individual choice. In this system, every individual member of the population can earn a living in the career they choose. This free will can be hindered, however, when faced against powerful competitors. For example, if Wal-Mart and a J.C. Penney's open within the vicinity of that same fashion designers boutique, she may have a hard time challenging such behemoth

It is believed that offshoring will have minimal effects on the employment rate in America due to the theory that when jobs are moved to other countries, the workers who have become unemployed will find employment as new opportunities are created. In reality, the adjustment will be difficult as proven by data collected by the Bureau of Labor Statistics Displaced Workers Survey in the year 2004. A survey showed that workers who were laid off between the years 2001 and 2003 remained unemployed at the beginning of 2004. It was also recorded that 43 percent of those who managed to find work earned the same pay as they did prior to being laid off, but the remaining 22 percent did not. These facts rely on the rate at which

Outsourcing emerged on the financial arena during the 1980s and has since then been spreading. Outsourcing production was furthered with the process of globalization which provided a new component leading to the strengthening of resources, skill and labor specializations across the world. The process of outsourcing is using the skill and abilities of a third-party to accommodate society on the foundation of labor. As stated earlier, it was during the 1980s that the process kicked off mainly due to the efforts of corporations when they began to hire labor forces across the world. Even though outsourcing has come out from its developing stages, there are still following effects on the US economy.

more growth and flourishing in a free market system. As mentioned in the article Conservative Vs Liberals, “In their view, the free market system produces more economic growth, greater welfare and higher standards of living”( Squadrin 6). This quote shows that it is for the people to decide what to produce rather

In the United States of America there are an estimated 11 million illegal immigrants currently residing in the U.S. Many industries depend heavily on immigrant labor , legal and illegal, to achieve productivity. The construction industry, nationally , employ at a fast rate about 1,000,000 illegal immigrants; almost one in five illegal immigrants work major industries. (Passel,2006). Immigrant reform will undoubtedly reduce the supply of illegal immigrant by encouraging enforcement of current laws by creating new legislation with harsher penalties for illegal immigration. The enforcement of the new laws will allow for industries to allow employers to recruit and hire foreign born workers only with signs of identification. However for the industries

Free market economy, again, creates competition which then leads to innovation from creative thinking of autonomous individuals.

are the effects of globalization and immigration on the nation’s economy. Globalization is speeding up and the discussion on whether movements like outsourcing will wear down U.S. competitiveness or provide long-term improvement continues to carry on. Many are misconstruing the positive impact immigrants are having on this country because there is this looming misunderstanding that immigrants are stealing American jobs. But there are countless numbers of skilled immigrants who are in our country legally and are actually creating jobs rather than stealing them. The goal of the data provided in this document is to prove the economic and intellectual contributions of skilled immigrants at a nationwide level. Saxenian provides numerous evidence of the economic impact skilled immigrants are having through data provided by a sample of all engineering and technology companies founded in the last ten

In 2011 the Migration Policy estimated around 2.6 million people were undocumented workers; the retail trade employed about 920,000, construction 910,000, agriculture 540,000, and manufacturing 520,000 (Francis Wilkinson, March 12, 2014). With these numbers that means that there is at least one undocumented worker per 6 million workers in the U.S. Most of these undocumented workers are illegal immigrants coming to the U.S to better their future and gain better opportunities, as for the companies, they like to hire illegal immigrants because they can usually get away with paying them less than they would have to with a U.S citizen because they aren’t documented. This became illegal in 1986, but employers still

The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

     The exporting of American jobs is an issue that is important and will become increasingly so as more and more white collar jobs are shipped overseas. American companies in the past few decades have been sending American jobs overseas paying residents of other countries pennies on the dollar what they had paid American workers to do. This saves the companies millions of dollars on labor costs but costs Americans precious jobs.

Classical liberalism is designed to provide individuals the freedom of material possession and intellect, or freedom. (Maclean & Wood, 64). The ideas of every individual having the inherent right to life, liberty and property is one that is necessary in society and it is what give the population the ability to innovate and take risks as the freedom of property provides financial and other incentives and “humans are seen to be by their nature economic and as having a natural tendency toward trade and exchange” (Maclean & Wood, 67). These freedoms and natural tendency's coupled with the freedom of opportunity provided in a classical Liberal society are the building blocks of an

This essay is a short critique of the theory by Milton and Rose Friedman, "Free to choose: A personal statement", focusing on chapter 1. I will argue that Friedman is right in saying, "… voluntary exchange is a necessary condition for both prosperity and freedom" but that there are shortcomings in his theory. Voluntary exchange is defined as a trade of something which is done with both persons consent. For instance a problem with the theory Milton

In “Will Your Job Be Exported?”, Alan S. Blinder argues the quality and security of jobs in the future, service sectors in America will be determined by how offshorable they are. Blinder starts out the story with a quote by Edmund Burke, “You can never plan the future by the past”. Although he stated we are doing exactly that when it comes to getting the American workforce ready for jobs of the future. Blinder states “demand for labor appears to have shifted toward the college-educated and away from high school graduates and dropouts” (p. 8). According to Lou Dobbs, “Well under one percent of US service jobs have been outsourced.” Eventually offshoring for service sectors will exceed offshoring for manufacturing-sectors for 3 reasons. First simply because there is a greater amount of service jobs than manufacturing jobs in the US and other countries that are well off. Second, service sector offshoring continues to accelerate due to technological advances thus increasing the range of services offshore. And lastly, (e.g. Chinese and Indian) workers with the capability to perform service jobs continue to increase rapidly.

Globalization has recently reached the corporate world, and seemed to be instantaneous. Around 40 percent of large U.S. companies have reached overseas, allowing them to profit from the markets of foreign countries. Due to the rapid increase of companies becoming multinational, major businesses seek to hire employees who are able to speak more than one language, as multilingual candidates are equipped