Is outsourcing American jobs for cheaper labor part of capitalism?
the right of the individual to choose what to produce, how to produce it, and what price to sell it for. is there a moral obligation to stand up against 10 cents per day work or is that just the way the world is? Now if I complain about this, am I considered anti-capitalist? I hear people complaining about jobs being out sourced to other countries. Why are they complaining when the companies has every right to make as much money as they can? Do Americans feel they are entitled work and labor?
Asked By: - 7/26/2012
Best Answer - Chosen by Asker
It is consistent with principles of capitalistic behavior, but it is not capitalism in and of itself. If you wanted a closer approximation to an economic ideology, I would pick globalism. Capitalism operates on the concept of maximizing profit and, while on paper lower production costs leads to more profit, the... More
Answered By: darkvelvetrain - 7/26/2012
Additional Answers (3)
It is simple supply and demand. Labor is the same as any other commodity. If demand is high and supply is low i.e doctors, CEO's etc pay is high and likewise. The global market has meant an enormous increase in the supply of unskilled labor. Unfortunately you cannot legislate against it because you will just push the... More
Answered By: Jamie - 7/26/2012
America has always been country of double standards..... The jobless opposes outsourcing until he gets job.
Answered By: Aleconomixt - 7/27/2012
I would say so because a business owner wants to make the product as cheap as possible even if it means outsourcing the job. In the US there are crazy regulations and hoops that people have to go through to startup and maintain their business. On top of that the US has a minimum wage and a fiat currency. I find it... More
Answered By: The MopPetal - 7/29/2012
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Find job openings in your area. Apply for open job positions today.
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Are you the Beauty Expert in Your Group? Then Say Yes to Sell Avon!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.