It’s pretty well known that American jobs are declining. The economy is tanking and the jobs that could keep us afloat are all heading abroad. The reason for this obviously is because it is much cost effective for US companies to outsource these jobs than to keep it in US itself. At one point in 2010, the unemployment rate was 9.6% and it was 9.1% in July 2011. The numbers are definitely mind boggling.
The factors listed by executives in choosing an outsourcing destination includes the following:
Labor cost: 79%
Technology and infrastructure capabilities: 62%
Skilled labor: 61%
Language Proficiency: 49%
Economic stability: 44%
India and China are among the top countries that we are losing our jobs to. As America loses it’s jobs there’s a lot of blame game being played as well. From a survey taken from a pool respondents, 31% believe it is due to the policies of the form President George W. Bush. 33% of the respondents believe that it is due to the policies of President Barack Obama.
We came across this infographic created by MBAProgramInfo.com which highlights the issue of jobs and unemployment very well. The infographic is laid out well and has enough information to give us an idea as to why we are losing jobs to other countries. For example, hiring a software engineer in India is relatively cheaper as compared to one in US. They speak english and they are relatively skilled. India currently stands at the very top in terms of US jobs being outsourced.
Sign up for latest news and updates sent to your inbox for free!
itThing.com is run by a small group of people who cover things that are considered the “it thing” of the moment. Basically, if it’s something that is talked about by others, you’ll most likely find it here. From articles that dive into everything there is to learn about a particular subject to funny videos and pictures, you’ll find it all here. Oh and did we mention we regularly compile informational infographics that float around on the web. All in all, ithing.com is a platform where fun and information are merged together!