Most people associate outsourcing with off-shoring. This is mainly due to a labor arbitrage story that was available when off shoring first became popular. This caused many people to hate outsourcing because they believed it was causing the lost of american jobs. Today the view of outsourcing is different, although some people still get the two confused. Even though, lawmakers are moving to end off shoring. They want to make sure that no American jobs are lost with bill S. 3816.
Sure the main purpose of the bill is noble, but what are the consequences? How will the prices of our favorite electronics changes when they are forced to be moved back to America? i.e. Apple uses fox-conn in China. If this were to happen, Apple's cost to manufacturer an iPhone would sky rockets, causing the price of an iPhone to also sky rocket.
For every action there is an reaction. Congress needs to fully examine the reactions of their bill before they pass it.
No comments:
Post a Comment