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
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