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.