Please use the internet sources or the additional sources listed in your materia
ID: 1156209 • Letter: P
Question
Please use the internet sources or the additional sources listed in your materials or any other internet sources ( sources must be documented in MLA format) respond to the following question:Outsourcing, (purchasing goods and services overseas), is currently a controversial topic. Businesses argue that free trade permits lower prices and is beneficial to consumers and the economy. Labor unions argue that outsourcing reduces employment and wages in the home economy and is detrimental. Write a brief position paper (250 words) taking a stance either pro or con facilitates outsourcing by U.S. corporations. Use statistics from your research to support your argument.
Thank you so much! Please use the internet sources or the additional sources listed in your materials or any other internet sources ( sources must be documented in MLA format) respond to the following question:
Outsourcing, (purchasing goods and services overseas), is currently a controversial topic. Businesses argue that free trade permits lower prices and is beneficial to consumers and the economy. Labor unions argue that outsourcing reduces employment and wages in the home economy and is detrimental. Write a brief position paper (250 words) taking a stance either pro or con facilitates outsourcing by U.S. corporations. Use statistics from your research to support your argument.
Thank you so much!
Outsourcing, (purchasing goods and services overseas), is currently a controversial topic. Businesses argue that free trade permits lower prices and is beneficial to consumers and the economy. Labor unions argue that outsourcing reduces employment and wages in the home economy and is detrimental. Write a brief position paper (250 words) taking a stance either pro or con facilitates outsourcing by U.S. corporations. Use statistics from your research to support your argument.
Thank you so much!
Explanation / Answer
Outsourcing by US corporations is beneficial to the country's economy. Even in the present day scenario with a rise in tariffs being imposed on products, outsourcing has not and cannot be stopped completely considering the benefits involved. Although tariffs seem to benefit the labor unions it raises the price levels and affects the consumers at large. This in turn affects the businesses' overall performance. Only a few stand to gain while the majority have to share the increased costs and losses.
Advantages of free trade:
A mix of steady trade and outsourcing with high technological advantage in the coming years is what will be needed for the US to sustain its position the largest economy.
Resources:
https://tradingeconomics.com/united-states/unemployment-rate
https://www.forbes.com/sites/stevedenning/2016/03/08/should-we-blame-trade-agreements-for-loss-of-jobs/#60d1411c210d
https://www.intelligenteconomist.com/advantages-of-free-trade/