The United States has been impacted greatly by Investors who transfer work across seas due to outsourcing resulting in the loss of many American jobs. Outsourcing is a way that companies can transfer work to other Industries for benefits such as lower cost, higher quality, or increased efficiency. The United States today, continues to outsource work to Industries overseas in developing countries. If the United States Government were to raise Barriers such as, Tariffs, Taxes or Subsides this process would set a limit on the …show more content…
Many Americans are having to adapt to the economic changes along with, political changes and the cultural and social transformations. This can either be accepted two ways, those who are adapting to the changes do well and are open to the new ways, but those who can’t seem to accept the changes are having a harder time getting on their feet. Ensuring good jobs to stay in the United States will protect the workers and contribute to the overall strength of the economy. The United States in 1950 dominated the world economy but has since lost the domination to foreign competition. Economic Globalization is unfair to American workers of middle class or those suffering of poverty, it is well for those who are succeeding enough to expand their businesses across seas and well for the investors who get to invest and make money off of these businesses; but the United States should be more considerate of those who do not benefit