The ongoing national debate about the employment practices of U.S. companies and private equity firms abroad features two phrases that confuse rather than clarify the issues: offshoring and outsourcing. For most Americans, the phrases are interchangeable.... Read more»
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2 comments on this story
Offshoring borders on treason, but outsourcing is bad, too. Often, when a firm outsources a job, it is performed not by a full-time employee who is fairly compensated with a good benefit package, but by an “independent contractor” who is typically otherwise unemployed and takes the contract work because there is noting else available. I know this because during my horribly long phase of unemployment (which happened to me when times were allegedly good), to keep eating I would take these outsourced tasks.
Who, while outsourcing doesn’t always export a job, I feel it should count toward the unemployment rate here because an outsourced job is rarely a stable, dependable job.
Agree, Mr. Linden. Not even unions and guilds can bargain in good faith, when industries threaten to pick up their toys and go somewhere else. As much as I would like to believe that the rugged individual has total control over his/her own fate and success…I know it cannot be true, unless the government ensures a level playing field. Unfortunately, to some degree, this requires enforcing “preferences.” Which I think sucks…but then, reality often does suck.