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Outsourcing is one of the latest national buzzwords.
As part of an expanding global economy, American firms – even government entities – are contracting to have certain tasks performed offshore in places like India and the Philippines.
The resounding outcry coming from certain circles about American job losses is not surprising in this presidential election year. The issue has become highly politicized.
Frankly, KSL can’t get too worked up about outsourcing. The marketplace, if allowed, will ultimately resolve the issue.
As one national news magazine reported recently, “sending jobs overseas seemed like a bulletproof business strategy” for firms anxious to cut costs. But some of those firms are now “discovering that sending work to low-wage countries is not as easy or as inexpensive as advertised.” * Because of natural market forces, disillusionment with outsourcing is mounting.
At the same time, let’s not lose sight of what some are calling “insourcing.” America actually imports far more jobs than it exports. Here in the U.S., for example, foreign firms, employ some 6.4 million American workers - tens of thousands of them here in Utah. *
As the political debate over outsourcing intensifies, KSL hopes legislators and policy makers will be patiently realistic. Don’t shackle the natural forces of the marketplace with reactionary and unnecessary laws and regulations.
* Newsweek, April 19, 2004,
* Organization of International Investment – www.ofii.org/facts_figures/
