Outsourcing: Is it good or bad?

Outsourcing is defined as the act of acquiring goods from a non-internal source. Outsourcing can be both good and bad for me personally. As a college student in a less than decent economy, I am constantly worried about how I will find work once I am out of college. Outsourcing increases my competition by a significant margin. Many people from other places are also willing to work for much less compensation, which makes competition even more difficult when looking for work. However, this can also benefit me, as it makes many products that I personally use, including clothes, electronics, and more, much more affordable.

 

For the United States as a whole, I think it is a completely bad thing. The U.S imports a lot more products than we export. On top of that, the unemployment rate in the United States was declared to be 7.9% as of January of 2013. The U.S. should cut imports so that more jobs for people inside the U.S. will be generated.

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