Sample Term Paper
The notion that the there will be job losses whilst true is a little over the top especially considering the size of the U.S. economy (which is in the region of 11 trillion dollars). The country employs some 140 million people and for offshore outsourcing to be a major cause for its downfall is not a viable conclusion. Furthermore there are those jobs that cannot be outsourced. According to Columbia Professor Bhagwati (2004) service jobs such as; retail, healthcare, lawyers cannot be outsourced since they rely on personal relationship between supplier and consumer. The Professor further states that this service sector generates seventy to eighty percent of the U.S. economy, job losses as a result of offshore outsourcing could only affect a small part of the economy.
The studies both for and against whilst not conclusive are a testament to these importance of offshore outsourcing to the business world. The thing to keep in mind is that offshore outsourcing is an inevitable business practice and its growth will continue. The federal government should focus its attention on ensuring that permanent job losses do not occur and that U.S. companies reinvest back in the country.
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