Wednesday, January 21, 2009

The "Dis-location" of U.S. Medicine — The Implications of Medical Outsourcing

This journal states that outsourcing medical care can be viewed as a positive thing because it is enabling doctors to focuse on improved quality to access specalized care. This has allowing patients to recieve care from the best providers. The ICU (Intensive Care Unit) has off- sited intensivists monitors patients by close- circuit televisons. This allows off shore physicians to adivse local providers.
http://content.nejm.org/cgi/content/full/354/7/661#F1

Offshoring: Nighthawk Radiology Services

In addition to the growing trend of businesses outsourcing jobs, now hospitals are jumping on the bandwagon. When a patient needs an X-Ray read in the middle of the night, no longer will a dreary-eyes radiologist be woken, now radiologists in Banglore and India can be called to examine the results. Companies such as "Nighthawk Radiology" provides high-quality, cost-effective radiology services to hospitals across the United States.

Shipping out White Collar Jobs

This article states both the negative and the positive of outsourcing white collar jobs. Having competition can be a good thing. Competition will eventually strengthen United States buisness and it will push for innovation. If this was false then the United States would not have been leading the nations in agriculture, manufactoring, and information technology. Outsourcing has already reshaped American manufactoring is spreading to high tech and service jobs. The country must awaken to this issue and carefully examine reconstruction by globalization.
http://www.csmonitor.com/2004/0217/p08s02-comv.html

Off-Shoring: An Elusive Phenonmenon

A report of the Panel of The National Academy of Public Administration for the U.S. Congress and the Bureau of Econonic Analysis reported in 2006 about "Off-Shoring" Jobs and its benefits and down sides. The found that the migration of U.S. jobs to foreign countried is neither new nor unstudied. For example, a chart labeled "Private-Sector Gross Jobs Losses, Total Private" reveals that between 1992 and 2004 gross jobs gained peaked in 2000 (along with the economy) and has been dropping ever since. Gross job losses peaked in 2002 when the recession hit and has been steadily rising and dropping since.

Economics of Outsourcing

Professor Mark Reiman's International Economic class did a study to observe the pros and cons of outsourcing U.S. jobs. They also found statistics such as "3.3 million jobs are expected to be outsourced to Inida and China over the next several years". In addition to their studies, they revealed that the majority of outsourcing books and additional information are mainly anti-outsourcing, thus making it increasingly difficult to find unbiast information. They state that it is important to note that "job loss is part of a normal economic cycle".

USA's New money- saving export: White Collar Jobs

This article discusses all the major dangers of outsourcing white collar jobs. If outsouring these jobs continues to take off it will not stop and these jobs will never come back. The recession that this country is facing is making everyone feel insecure with thier jobs. Practically any professional job that can be done long distances is suddnely up for grabs. Major United States companies such as IBM and Microsoft are leading the way in exporting these jobs. These companies have already outsourced tens of thousands of jobs. Many more will soon be shipped out in the coming year.
http://www.usatoday.com/money/workplace/2003-08-05-outsourcing_x.htm

Growth of Services Outsourcing to India: U.S. International Trade Commision

William Greene (U.S. International Trade Commision) released a report on outsourcing to foreign countries such as India the exposes its benefits and potential liabilities. Some of the benefits include Labor Arbitrage, the opportunity to build a global production chain, and the ability to provide round-the-clock service to customers. Some liabilities include loss of institutional knowledge, loss of management control, and vendor underperformance. This report provides a factual and well-balanced source of information on outsourcing.

Economic Conditions Snap Shot: December 2008

Mckinsey Global conducted a survery from December 2-8. They recieved responses from 2, 017 excutives representing a full range of industries and areas of of expertise. The survey shows the result of companies and their oppioion on how the global economy has affected their company. The results that were displayed showed that the majority of companies feel that the global economy has had a very negative effect. It also show the results of how the companies plan to make adjustments with this economic turmoil. In the report for the survey it indicates that some excutives do see new oppertunites, by creating new and better products and services.
http://www.mckinseyquarterly.com/Economic_Studies/Productivity_Performance/Economic_conditions_snapshot_December_2008_McKinsey_Global_Survey_Results_2280?pagenum=3

TRADE: Outsourcing Jobs

This article is about how outsourcing jobs has become an increasingly controversial topic ever since the economy peaked in 2000. It is a progressively growing practice among businesses looking to lower their operative costs. Although most economists say it will ultimately strengthen the economy, it causes two major problems. It leads to massive layoffs of U.S. workers and thousands of dislocations. With the economy still in recession, many people argue that now is one of the worst times to be sending jobs oversees and with companies not required to keep record of these types of statistics, no one knows for sure just how many jobs have been outsourced thus far. The problem is that many economists argue that outsourcing is just another form of free trade, which ultimatley boosts wealth in the economy.

New York City Unemployment in 2009- The Emerging Crisis

The report that Fiscal policy created focuses on the current economic situations of the New York labor market.In one of the reports the results showed that New York is currently lagging the nation in unemployment. In Febuary 2008 New York reached the low in unemployment. From May to October of 2008 ages 16 -24 years old had the highest rate of unemployment 14.4 percent. For hispinac and blacks the unemployment rate is three times higher than that of non- hispanic.http://www.fiscalpolicy.org/FPI_NYC_EmergingUnemploymentCrisis2009_December2008.pdf