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Business
by Shelly Awaya, editor
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Outsourcing
undermines middle class
We live in a nation that many refer to as the
land of opportunity. However, this land of opportunity lost
2.3 million jobs in the past three years, marking the worst
job recovery in American history. According to economist Perry
L. Weed, in The Washington Spectator (March 15), the cost of
living is rising, which erodes the paychecks of those who still
have jobs. The U.S. economy has taken a dive and is at its
lowest level since 1950. This land of opportunity is facing
an end to U.S. economic domination of the world.
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Job outsourcing
not new
In the past few months the outsourcing of American
jobs to other countries has generated disagreement and controversy,
but outsourcing is by no means a new issue. American companies
have been outsourcing jobs for decades; in fact, over the
past 20 years a large number of American manufacturing jobs
have been moved overseas (Lou Dobbs, CNN). The difference
now is that the outsourcing of jobs has grown to include
white-collar positions in such areas as accounting, computer
network administration, insurance claims, and stock analysis,
among others. This has left highly educated and experienced
people jobless and needing to re-educate themselves in order
to find employment. This is what has given the issue its
recent notoriety.
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