In the 1980s as a part of free trading in the market of money and goods many jobs in the United States were moved overseas for lower wages. Although the global movement of business is good for economic development it has also caused a lot of trouble in some categories. Child labor, terrorism, and a slow moving U.S. economy could be mentioned when discussing these issues for those on the loss end. The fact is that with the outsourcing of white-collar jobs to other countries it is proven that businesses are looking for places where they can save money and have better advantages when it comes to carrying out their business plans. Therefore; it is proven that too many regulations in regards to businesses can yield to economic trouble and a means for businesses to look elsewhere for development.
Reference: June Johnson. 2007. Global Issues, Local Arguments. Trading Jobs-Outsourcing and Employment in a Global Economy, Chap. 3 Pg. 69-71 and Chap. 6 Pg. 287-288
Be the first to rate this post
- Currently 0/5 Stars.
- 1
- 2
- 3
- 4
- 5
