DonGlock26
Diamond Member
- Sep 15, 2024
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"The Globalization And Offshoring Of U.S. Jobs Have Hit Americans Hard
In recent years, the United States has experienced millions of jobs being relocated overseas. The impact of this trend has been particularly pronounced in the country's trade relationship with China. Since 2001, the U.S. trade deficit with China has resulted in the loss of approximately 3.82 million American jobs, with manufacturing sectors bearing the brunt of this exodus.
Additionally, India has been a major destination for offshored white-collar jobs, particularly in software and back-offices services, while Mexico is the most popular country for American expatriates, followed by Canada, Portugal and Singapore.
The U.S. stands as a dominant force in global outsourcing, with a significant majority of American businesses embracing this practice. A striking 66% of U.S. companies outsource at least one department. This trend translates to approximately 300,000 American jobs being outsourced annually, reflecting both the scale and impact of this business approach. The economic implications are substantial, as the U.S. market alone generates $62 billion of the $92.5 billion global outsourcing industry, according to data from Radix."
www.forbes.com
I doubt many people consider that every American manufacturing job sent overseas means that an American worker is not paying federal, state, or local taxes, social security, medicare, buying a house, buying a car, buying from local businesses, or donating to charity. The corporations and their bought off politicians are doing well though.
In recent years, the United States has experienced millions of jobs being relocated overseas. The impact of this trend has been particularly pronounced in the country's trade relationship with China. Since 2001, the U.S. trade deficit with China has resulted in the loss of approximately 3.82 million American jobs, with manufacturing sectors bearing the brunt of this exodus.
Additionally, India has been a major destination for offshored white-collar jobs, particularly in software and back-offices services, while Mexico is the most popular country for American expatriates, followed by Canada, Portugal and Singapore.
The U.S. stands as a dominant force in global outsourcing, with a significant majority of American businesses embracing this practice. A striking 66% of U.S. companies outsource at least one department. This trend translates to approximately 300,000 American jobs being outsourced annually, reflecting both the scale and impact of this business approach. The economic implications are substantial, as the U.S. market alone generates $62 billion of the $92.5 billion global outsourcing industry, according to data from Radix."
The Globalization And Offshoring Of U.S. Jobs Have Hit Americans Hard
The U.S. stands as a dominant force in global outsourcing, with a significant majority of American businesses embracing this practice.
www.forbes.com
I doubt many people consider that every American manufacturing job sent overseas means that an American worker is not paying federal, state, or local taxes, social security, medicare, buying a house, buying a car, buying from local businesses, or donating to charity. The corporations and their bought off politicians are doing well though.
