The first is that outsourcing has lead to the drainage of jobs that belong to the American middle class; the second arguments argue that those jobs outsourced leads to poorer quality in goods and services produced. According to The Economics of Outsourcing, the continual practice of outsourcing leads to a loss of American jobs and a declining standard of living. According to the Bureau of Economic Analysis, already about 10 million jobs have been sent overseas since 2001. This trend has helped to fuel the high unemployment rates seen in the last few years, which leads to a decreased standard of living in the United States. Corporate greed at the expensive of hard working Americans has destroyed the lives of many working Americans. The New York Times Upfront News magazine articles said that outsourcing is bad for the economy, the article clearing explained that “Outsourcing may sound like a good deal for American businesses, but in practice it's very bad for our economy. First, when workers lose jobs to outsourcing, they are likely to end up in new jobs with substantially lower pay, and possibly a lower quality of life. Second, outsourcing places downward pressure on U.S. wages in general: American workers who are in competition with workers in low-wage countries will have a tougher time earning enough to buy a home, save for retirement, In other words, wages for many U.S. workers will no longer support middle-class lives. Third,
The first is that outsourcing has lead to the drainage of jobs that belong to the American middle class; the second arguments argue that those jobs outsourced leads to poorer quality in goods and services produced. According to The Economics of Outsourcing, the continual practice of outsourcing leads to a loss of American jobs and a declining standard of living. According to the Bureau of Economic Analysis, already about 10 million jobs have been sent overseas since 2001. This trend has helped to fuel the high unemployment rates seen in the last few years, which leads to a decreased standard of living in the United States. Corporate greed at the expensive of hard working Americans has destroyed the lives of many working Americans. The New York Times Upfront News magazine articles said that outsourcing is bad for the economy, the article clearing explained that “Outsourcing may sound like a good deal for American businesses, but in practice it's very bad for our economy. First, when workers lose jobs to outsourcing, they are likely to end up in new jobs with substantially lower pay, and possibly a lower quality of life. Second, outsourcing places downward pressure on U.S. wages in general: American workers who are in competition with workers in low-wage countries will have a tougher time earning enough to buy a home, save for retirement, In other words, wages for many U.S. workers will no longer support middle-class lives. Third,