Question

Some people believe that outsourcing jobs to lower wage countries will benefit the U.S. economy in the long run because the price of the goods will be lower. Do you agree with this belief? Why or why not?(In approximately 250 words)

Answer 1

Yes i agree with this belief.outsourcing to countries with lower wages allows the us market to stay competitive in a global economy.outsourcing also provides us consumers relatively cheaper products and services.This allows us consumers to spend extra money on many different sectors of the US market.In the long run outsourcing also provides assistance in creating high quality jobs for US workers.jobs outsourcing help US companies be more competitve in the global marketplace.it allows them to sell to foreign markets with overseas branches.They also keep labour cost low by hiring in emrging markets with lower standard or living.That lower prices on the goods they ship back to the united states. All of these reasons provide evidence that,contrary to popular belief,outsourcing actually is benificial to the US economy.