Title: How Outsourcing Jobs Affects the US Economy
Headings: How Outsourcing Jobs Affects the US Economy
How Outsourcing Jobs Affects the US Economy
What You Need to Know About Outsourcing Jobs
How It Affects the Economy
Technology Outsourcing
Call Center Outsourcing
Human Resources Outsourcing
NAFTA Job Losses
Jobs in Mexico
India Attracting U.S. Companies
Jobs in China
Robots
Underpaid Workers
Rise in the Freelance Economy
The Bottom Line
Article Sources

Content: On one hand, this prevalent practice lowers costs for U.S. companies, enables global competitiveness, and allows them to provide reasonably-priced goods and services. The benefits also extend to countries on the outsourced end, many of which have grown their economies through U.S. outsourcing. On the other, it has hurt employment, raising the unemployment rate particularly in these hardest hit sectors: Manufacturing
Technology
Call centers
Human Resources
Although U.S. outsourcing has risen, foreign companies have been outsourcing jobs to the U.S., too—it works both ways. Outsourcing may not be the biggest threat to unemployment though. Technological growth in automated intelligence could very well replace many human jobs, enormously impacting the U.S. job market in the eminently near future. Article Sources
Bureau of Economic Analysis. “ Activities of U.S. Multinational Enterprises: 2018 ,” Accessed Oct. 20, 2020. The White House. "