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Outsourcing Effect On American Jobs And Economy

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Running Head: OUTSOURCING EFFECT ON AMERICAN JOBS AND ECONOMY Outsourcing Effect on American Jobs and Economy Student’s Name: Instructor’s Name: Course: Date: 1 OUTSOURCING EFFECT ON AMERICAN JOBS AND ECONOMY 2 LITERATURE REVIEW American corporations have been at the forefront to outsource work to other countries and nations. This business technique has been going on for centuries. However, Outsourcing has raised eyebrows among the American citizens as they claim too many jobs are being given to overseas workers thus rendering them jobless. Outsourcing has its benefits and drawbacks for a nation, but when too much work is taken out of the hands of the common man, survival becomes almost impossible. The economy also deteriorates when the workflow in a country is limited to only a few organizations and corporations and the other entire workforce is given to external nations. Different journals, academic resources, and websites have analyzed the effects of outsourcing on the American economy in different ways. NAFTA’s influence on U.S. outsourcing The North American Free Trade agreement plays a fundamental role in US outsourcing of services and goods to outside Nations. According to, (Villarea & Fergusson, 2017), NAFTA majorly conducts free trade within Canada and Mexico as a part of the agreement made in the act. Ever since the NAFTA act was implemented by President Bill Clinton way back in 1993, America has been conducting free trade with Canada and Germany. Outsour ...
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