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Aug 9, 2013

Where the jobs went... about 20% of the labor force disappeared overseas. Outsourcing of America #greed

Where the jobs went.

Outsourcing (or offshoring) is a bigger contributor to unemployment in the U.S. than laziness.

Since 2000, U.S. multinationals have cut 2.9 million jobs here while increasing employment overseas by 2.4 million. This is likely just the tip of the iceberg as multinational corporations account for only about 20% of the labor force.

When was the last time you saw a front-page headline about outsourcing?


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Source: Wall Street Journal via Think Progress.