Number of Jobs Outsourced During Obama Administration
BlogThe number of jobs outsourced during the Obama administration has been a subject of debate and controversy. According to some sources, the number of jobs that have been outsourced has increased significantly since 2009. Others argue that the number of jobs outsourced is actually decreasing. In this article, we will explore both sides of the argument and provide a detailed analysis of the data available.
One of the main sources of job outsourcing is offshoring. Offshoring involves sending work to other countries where labor costs are lower. During the Obama administration, there has been a significant increase in offshoring, particularly in industries such as IT, finance and manufacturing. This is due to the fact that many companies are looking for cost savings and offshoring provides them with an opportunity to do so.
On the other hand, some experts argue that the number of jobs outsourced during the Obama administration has actually decreased. According to a study by the Center for American Progress, the number of jobs that have been lost due to offshoring has decreased since 2008. This is largely due to the fact that many companies are starting to recognize the negative impact of outsourcing on their bottom line and are starting to bring some of the jobs back to the United States.
Another factor that has contributed to a decrease in job outsourcing during the Obama administration is the growing trend of reshoring. Reshoring involves bringing jobs back to the United States, often due to rising labor costs in other countries or a desire to tap into the U.S. market. According to a report by the Boston Consulting Group, the number of reshorings in 2013 was up by 50% compared to the previous year.
In conclusion, the number of jobs outsourced during the Obama administration has been a subject of debate and controversy. While there has been an increase in offshoring in some industries, the number of jobs lost due to offshoring has decreased since 2008. Additionally, the growing trend of reshoring is contributing to a decrease in job outsourcing. Overall, it is clear that the issue of job outsourcing is complex and multifaceted, and will continue to be a topic of discussion for many years to come.