Bring back jobs, benefit economy
By Paula McFadden, Opinion Columnist
Outsourcing is not in the long-term interest of companies or the U.S.
The gap between the poor and the rich is rapidly increasing, in part because of companies and government officials caring more about their own economic security rather than the entire nation’s.
Ronald Reagan’s economic plan tried to create a global economy in order to decrease chances of war. Reagan believed the U.S. could lead the world militarily, but the most promise lay in our economy.
The idea is: Outsourcing is a two-way street.
Foreign companies will want to come to the U.S. if our companies go overseas. But, this does not seem to be happening as much as workers need.
Another reason companies receive incentives for outsourcing is to ensure that the global economy is fortified, but this plan is dependent on the profits trickling down from the one percent to the 99 percent.
The recent Occupy Wall Street movement shows this trickling down is not happening as much as it should be.
In the State of the Union Address this year, President Barack Obama focused on creating incentives for companies that keep jobs in the U.S. and taking away incentives for moving jobs overseas.
The issue of outsourcing, however, has become a political ploy used by both parties. A bill brought to the Senate by Democrats in Sept. 2010 proposed ending some of the tax breaks and giving incentives for keeping jobs in the U.S.
The GOP rejected the plan and said the bill was a political move just before the election in an attempt by Democrats to gain more votes after a decline in approval ratings.
These backhanded political moves from both parties do not help the economy or either political party.
Whether you agree with the economy slowly improving or not, the potential to create more jobs lies in looking at how and where companies could reestablish those overseas jobs in the U.S.
Globalization is an important part of our economy, but the time has come to alter outsourcing to benefit the United States’ best interest.
This could start with outsourcing Congress, so they can truly understand the repercussions of their decisions.
Paula McFadden is a junior at Pacific Lutheran University pursuing a degree in English with an emphasis in writing and minors in communication and publishing and printing arts. She lives on campus but calls Lakewood, Wash., home.