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Abstract
Economic changes that affect employment usually produce conflicting viewpoints and angry rhetoric. During an election year, the rhetoric is hugely amplified. So it's not surprising that offshore outsourcing is caught in the perfect storm of rhetoric, politics and 24-hour news analysis.
This paper discusses different views on anti-outsourcing and pro-outsourcing. It also states economic data and survey results which leads us to an understanding that instead of having protectionist approach towards the U.S. jobs, we should have policies in place, which would help the U.S. workers to retrain themselves in new immerging technologies in short run. This will allow workers to get a high skilled, high paid job and allow corporations to compete in global market by benefiting from the lower cost of offshore outsourcing.
Offshore outsourcing and it's economic impact on U.S.
Economic changes that affect employment usually produce conflicting viewpoints and angry rhetoric. During an election year, the rhetoric is hugely amplified. So it's not surprising that offshore outsourcing is caught in the perfect storm of rhetoric, politics and 24-hour news analysis.
Outsourcing is not a new concept. Before the concept of offshore outsourcing became front-page news, many large companies already had operations all over the globe. But in recent months, small and medium sized companies have started following the lead of their larger counterparts. A recent survey of CEOs from small and medium-sized businesses revealed that 27 percent intended to outsource certain functions overseas in the next three years.
U.S. software programmers' career prospects, once dazzling, are now in doubt. In the past 3 ...