Summary On Offshoring

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Norberg also tells us why offshoring increases productivity, he says because all of these multinational corporations bring in all of their new technology, better machinery, better management skills and production ideas, they all contribute into raising productivity for factory workers (Norberg). This proves offshoring helps increase economic growth in both countries by increasing productivity, the US then gets more products to sell while the factory workers gets increase in wages. If we were to bring back all the manufacturing jobs to the US, we will decrease in productivity due to the fact that we have a significantly lesser workforce. I will use this article to argue in the favor of keeping manufacturing overseas. This article summarizes …show more content…
Economy, Study Finds” Jim Zarolli explained how bringing back manufacturing jobs back to the US might seem like a positive change at first. But the through studies and research, there really is not much effect on the US economy. He states “There were just 64 reshoring cases in 2011, while this year there will be around 300, with electronics and transportation equipment companies leading the way.” (Zarolli) And this is certainly interesting because if the trend is increasingly popular there has to be a beneficial motive or reason behind it. But it turns out it does but for the company and not for the U.S. economy. Many companies are reshoring because of new laws in foreign countries that helps close wage gaps and making what once was cheap labor now not so cheap. Another big reason is the shale oil bloom in 2005 where it made US produced energy cheaper and affordable for big manufacturing factories …show more content…
A point that Mosher might have missed is that just because a few countries for example China and India are raising the living standards and making it hard for big companies to find cheap labor there. He has to realize that there are plenty of other countries for big companies like Nike or Apple, that are still struggling to pave the road out of third world country status. What the public fails to see is the blowback of bringing back jobs from overseas, just because it might seem like we will have more jobs in the U.S. does not mean we will do better than if we had left those jobs overseas. The public sees the near sight future and does not see how it will affect us 10 years from now or 50 years. I will use this article to argue my position that moving jobs back to the U.S. will not be beneficial if not harmful to the U.S.
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