Outsourcing Overseas

Outsourcing jobs to foreign countries has helped the U.S. consumer where it matters most.........their wallet. Outsourcing occurs when a firm subcontracts a business function to an outside supplier. This practice has been common within the U.S. economy for some time

Forrester Research indicates that less than .2% of Americans will be affected by the outsourcing of jobs and considering that the US has an estimate of 130 million people employed that is an insignificant amount.

The McKinsey Global Institute estimates that the volume of offshore outsourcing will increase by 30 to 40 percent a year for the next five years. Forrester Research estimates that 3.3 million white-collar jobs will move overseas by 2015. According to projections, the hardest hit sectors will be financial services and information technology (IT). The Gartner research firm has estimated that 1 out of every 10 IT jobs will be outsourced overseas. Deloitte Research predicts the outsourcing of 2 million financial-sector jobs by 2009.

The majority of jobs in the US require workers that are in close proximity to the job location so most positions cannot be outsourced so I think that the majority of jobs will remain unaffected altogether jobs like retail, restaurants, marketing and personal care -- services that have to be produced and consumed locally, so outsourcing them overseas is not an option.

Jobs in the high paying job sector are not being outsourced so this will provide higher paying jobs for some job seekers. More complex jobs are much more difficult to shift abroad. An analysis by International Data Corporation made this conclusion, "the activities that will migrate offshore are predominantly those that can be viewed as requiring low skill since process and repeatability are key requirements of the work. Innovation and deep business expertise will continue to be delivered predominantly onshore." The jobs that will continue to be delivered onshore are the ones that generate the highest wages and they help .drive the U.S. This will help all consumers in the long run.

Most economists believe that there will be a reshuffling of job opportunities from outsourcing and new occupations will be created, most of these occupations will pay more than the ones they replaced so this will be a great benefit to the job seekers that are applying for these jobs.

Most companies have to outsource jobs in order to remain competitive and offer more affordable products and services, their share holders are demanding higher profits and their customers are demanding higher quality for less price.

When customers purchase items or request some type of service, they ask "How much