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Are the differences in rates of pay throughout the world influencing American employers?
Wiki User
∙ 15y ago
Global competition is the best way to describe this process. I personally think that everything in America is overpriced, which means we need increased wages to survive. We can not get overly upset about outsourcing if we plan to stay employed. For those that do not posses the skills to stay marketable, their lives can be difficult. Low-skilled jobs can and are being shipped overseas and this increases profit, but downsizes the company and the first jobs to go are usually the low-skilled jobs such as customer calls. I believe that the tariffs used in the exchange process need to be changed to make us more competitive. It should be equal or based on a percentage when exchanging goods. Since there is a huge disparity, we usually have to ship jobs overseas to remain competitive and this impacts a number of families. Unless there are major changes in how we conduct business in the global economy, we will eventually have more people unemployed, but company profits will be up.
Wiki User
∙ 15y ago
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