Title: Outsourcing Overseas and its Effect on the US. Economy
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Content: Consumers are given the privilege of lower prices in various products and services. The quality of these goods are high as well, offering greater competition to keep prices low. " The other part of outsourcing is this: it simply says where work can be done outside better than it can be done inside, we should do it," said by Alphonso Jackson, former U.S. Secretary of Housing and Urban Development. By keeping a good at a low price, this increases the demand and consumption of the good. Rather, if the good were produced in the U.S., it would cost more to pay for it in order to fund for employee wages, require cheaper quality so prices would not be too high, yet still have a higher price compared to how much it would cost coming from outsourcing, leading to consumer dissatisfaction and decreasing demand from the U.S. source. All this means hiring fewer U.S. employees, and paying as close as they can to minimum wage to keep products at a reasonable price so consumers will still buy. Consumers would be forced to pay much more for goods, and for the millions of Americans who shop at Wal-Mart each week, they would incur further economic hardships. A large majority of Americans believe outsourcing is bad for the U.S. economy. This view might be shared by as many as 71% of Americans.