Search results
Results from the WOW.Com Content Network
Dattolo said dozens of country clubs and businesses in the county use guest workers, though she said before hiring foreigners, companies must advertise the jobs to American workers.
Here are three big reasons Americans are worried about layoffs. ... Some organizations are opting to outsource jobs to cheaper labor markets, both domestically and abroad, reducing the need for in ...
The increased labour costs have resulted in some foreign firms exiting the country, in search of countries where labour cost is cheaper, like Thailand and Philippines. Other countries apart from China are beginning to provide raw materials at a lower cost, leaving manufacturers with more choices as regards their suppliers.
However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment among their economies." [ 1 ] In a 2003 report, the Congressional Budget Office wrote: "CBO estimates that the increased trade resulting from NAFTA has probably increased U.S. gross domestic product, but by a very small amount ...
From 2000 to 2010, the U.S. experienced a net loss of 687,000 jobs due to outsourcing, primarily in the computers and electronics sector. Public disenchantment with outsourcing has not only stirred political responses, as seen in the 2012 U.S. presidential campaigns, but it has also made companies more reluctant to outsource or offshore jobs. [102]
If there's one position that both presidential candidates can agree on, and it may be the only one, it's that outsourcing jobs overseas, or "offshoring," is absolutely terrible for American workers.
Offshoring to foreign subsidiaries has been a controversial issue spurring heated debates among economists. Jobs go to the destination country and lower cost of goods and services to the origin country. On the other hand, job losses and wage erosion in developed countries have sparked opposition.
The US economy feels lousy for so many people. So you’d think some really, really, shockingly good news about the job market would give Americans’ spirits a boost. It won’t. Here’s why ...