Looking for a Job?
MariettaEcon
Are you one of the many Americans looking for a job but are unsuccessful at finding one? This problem lies with the loss of 2.4 million jobs, the greatest sustained job loss since the Great Depression, according to EPI and anemic jobs creation. So where are all these jobs going? In 2004, nearly 29% of the US companies moved their production and jobs to China. Meanwhile, the proportion of jobs at unionized facilities that moved jobs to Mexico rose from 26 percent three years ago to 44 percent that year.
As a total 39 percent of the jobs sent overseas in 2004 have been union jobs. It was estimated that nearly 406,000 employers would have sent their business overseas in 2004. The fact that some of these jobs are being sent overseas is to keep other countries happy and to help America get out of debt. The loss of jobs overseas affects the economy of the US by means of lowering wages which results in unemployment.
What do you think?
http://www.usw.org/usw/program/content/1673.php
1 comment:
This is a popular topic in my International Business Management class. The entire process of outsourcing eventually makes a cycle. At this point in time it basically just sucks for the US. We are taking the same blow that many countries have taken from us in the past as we were the key producers.
This is an appropriate place to share a story that a customer told me at work tonight.
Did you know that the Rubbermaid factory (somewhere in Ohio) had an increase in cost of production which resulted in an increase in shelf cost. Every store that was selling rubbermaid products was willing to make the price increase within their store, except WalMart. It turned out, WalMart bought out the company, closed it down, and moved the production to China.
Perfect example.
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