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Unemployment in USA The problem of unemployment exists in all countries through the world, somewhere it is not at critical point and somewhere far beyond this point. Even in such wealth and economically developed country as US the question of unemployment is an essential one. In this essay I want to talk about unemployment in US and make some accents on the offshore outsourcing. So what is the situation with unemployment in US for nowadays? According to John Peterson The crisis of unemployment and poverty in America continues to worsen. Despite a nominal increase in jobs in recent weeks, what is not reported is what kind of jobs are being created.
Manufacturing jobs, the backbone of any economy, continued to be lost for the 37 th month in a row in October. For the vast majority of Americans, the days of high quality jobs with decent wages, security, and full health and retirement benefits are a thing of the past. The effect this is having in terms of unemployment, homelessness, and even hunger right here in the US is a devastating indictment of a system which places profits before human need and suffering. (Poverty and Unemployment in America) In spite the fact that percentage of unemployment have fallen from 6. 1 to 6. 0 percents the situation still make a negative impression. The are few factors which must be consider in order to understand the severity of labor problem. Since March 2001 increased the age of working population.
People dont want to retire they still want to work and earn money, they are not satisfied with granted pension. Due to the unusually prolonged loss of jobs many people refrained from actively looking for work and therefore appears the effect of the "missing" labor market on the unemployment rate. The missing labor market then influences badly on the employment picture. Due to the October 2003 the payroll jobs had fallen by 2. 4 million below the level of March 2001. Now we can observe the longest duration of job loss (28 months) and growing percentage of unemployment rate which after adjustment for the "missing" labor force increased to 3. 2 percentage points. John Peterson states In the year 2002, 1. 7 million Americans slipped below the poverty line, bringing the total to 34. 6 million.
Thats an astonishing one in eight of the population. Over 13 million of them are children. In fact, the US has the worst child poverty rate and the worst life expectancy of all the worlds industrialized countries, and the plight of its poor is worsening. [... ] And this in the richest country in the world! (Poverty and Unemployment in America) So what is the role of offshore outsourcing in increasing rate of unemployment in US? Employees are displaced by foreigners and that leaves many Americans unemployed or in lower-paid work. U.
S. employees were protected against low-wage foreign labor. But outsourcing forced to "compete head-to-head with foreign workers" by "undermining U. S. workers' primary competitive advantage over foreign workers: their physical presence in the U.
S. " and "by providing those overseas workers with the same technologies. " (Outsourcing after-effects) As result we can observe very serious problem which offshoring presents to the nation's leadership in technology and innovation, and its military and homeland security as well. The offshoring of high wage jobs from the United States to lower cost overseas locations is currently contributing to unprecedented levels of unemployment among American electrical, electronics and computer engineers. (Offshore Outsourcing) It is undoubtedly that offshoring of high tech jobs create a crisis on employee market and weaken American leadership in this field. Forrester Research has projected that as many as 3. 3 million white-collar jobs of all kinds and over $ 136 billion in wages will be moved from the United States to lower cost, offshore locations by 2015. (Offshore Outsourcing) Some prudent steps must be taken to prevent great economic losses which can be caused by offshore outsourcing. Bibliography: John Peterson, Poverty and Unemployment in America. < web > Offshore Outsourcing, As approved by the IEEE-USA Board of Directors, March 2004. < web > Paul Craig Roberts, Outsourcing after-effects, The Washington Times, April 24, 2005. < web > Michael Rock, THE Unemployment Insurance in the USA. < web >
Free research essays on topics related to: march 2001, unemployment rate, lower cost, labor market, foreign workers
Research essay sample on Foreign Workers Labor Market
