Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Outsourcing Colorful

description
by

Keryna Johnson

on 3 November 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Outsourcing Colorful

Myths
Globalization & Outsourcing
in Economy

Today's
Should Americans only buy American?
Should American firms only employ Americans?
Well, that makes sense right? Don't we need to keep our money in America?
How can we keep giving American jobs to workers overseas?
Myth:
Myth:
Myth:
Fact:
Most Americans lose their jobs to outsourcing
Between 2000-2006, 65% of job losses in
America were due to productivity increases
(only 35% of jobs were lost to outsourcing)
Facts
vs.
Maybe we should tell Ford to
stop hiring robots?
A job outsourced is a job lost
Outsourcing is a one-way street
Do any of these brands look familiar?
Fact:
The number of "insourced" jobs coming from other countries to the U.S. is growing at a faster rate than jobs lost overseas.
Not only that, these insourced jobs are often higher-paying than those outsourced
Quick Facts:
U.S. subsidiaries employ Americans.
U.S. subsidiaries of companies headquartered abroad support an annual payroll of — with average compensation per worker of — that's than compensation at all U.S. companies.
U.S. subsidiaries of companies headquartered abroad reinvested in their U.S. operations.
$364.2 billion
5.3 million
$68,317 a year
$68.5 billion
32% higher
Meet Virgin
Meet Logitech
Meet TOMS
a U.S. subsidiary of the British company Virgin Group, has begun offering service on its low cost airline Virgin, based in Burlingame, California and will have two daily nonstop flights between San Francisco International Airport and New York's John F. Kennedy Airport. Virgin also offers five daily nonstop flights between San Francisco International Airport and Los Angeles International Airport. The new service will add thousands of jobs to the region's airline industry. Virgin America says it eventually will create 3,000 to 5,000 jobs for mechanics, flight attendants, pilots, reservationists and others, many of them in the Bay Area.
Virgin America,
Computer mouse manufacturer sells a wireless mouse called Wanda for about $40 that is assembled in China. Of the $40, China only gets $3. The rest goes to suppliers, many based in America, which make compnents for the mouse, and to domestic retailer. The biggest component of Logitech's cost is its marketing department based in Fremont, California, where the staff of 450 Americans makes far more than the 4,000 Chinese who actually make manufacture the product.

Those 450 Ameicans, making good wages in America, might not have jobs at all if Logitech wasn't able to stay competative by outsourcing some of its costs.
Logitech
was founded on a simple premise: For every pair you purchase, TOMS will give a pair of shoes to a child in need. One for One. Using the purchasing power of individuals to benefit the greater good is what we're all about. TOMS currently manufactures in Argentina, China and Ethiopia.
They require that the factories operate under sound labor conditions, pay fair wages and follow local labor standards. A code of conduct is signed by all factories. Our production staff routinely visits these factories to make sure they are maintaining these working standards. We also have third parties audit the factories at least once a year to ensure they adhere to proper labor regulations.
TOMS Shoes
Companies
Outsource
that
Fact:
Outsourcing creates jobs
Outsourcing is a means of getting more final output with lower cost inputs, which leads to lower prices for all U.S. firms and families. Lower prices lead directly to higher standards of living and more jobs in a growing economy.
The high-end work and wages stay here -- work that might not exist if companies did not have the option to outsource functions to low-cost countries.
In return for being given jobs to feed their less-educated workers, these countries buy more higher-valued goods made by skilled workers in developed nations
A corner store in Goa, India. The Coca-Cola signs advertise 200 ml bottles of coke at five Indian rupees, which was the equivalent of 10 cents.
Myth:
Fact:
Only greedy corporations benefit from outsourcing
Many companies make charitable contributions in the same countries they do business in.
For example, since their beginning in May 2006, one company has given over 140,000 pairs of shoes to children in need.
Ask yourself
?
Utilitarianism says:
Virtue Ethics says:
We should seek the greatest good
for the greatest number
Does Globalization & Outsourcing result in the greatest total
utility for the greatest number of people?
Rather than just do what's in our best interests,
we should should know what we know to be RIGHT
Is it right to fire workers in the U.S. and
give the jobs to people in other countries?
Is it right to deny workers in other countries
jobs that they are qualified to hold?
?
?
?
?
?
?
?
Well, what's at stake?
Who cares?
Investors care
families of all sizes and races care
people in cities all over the world care
in fact, the
whole
WORLD cares
So what are our options?
Should we:
Cut ourselves off from the rest of the world
Stop outsourcing
Stop importing
Only buy American
?
Which would lead to:
No exporting (who will buy our products if we don't buy theirs?)
Fewer products (let's face it, bananas aren't grown in the U.S.)
Can you really imagine a world without french wine
and Japanese cars?
:-(
Or should we:
Continue importing & exporting
Continue insourcing & outsourcing
Remember, it's easy to "buy American"
when it comes to your services:
Housing
Medical Care
Education
Legal & Social Services
Recreation
Utilities
Telecommunications
Etc.
Did you know that the U.S. is the
greatest exporter in the WORLD?
In fact:
The U.S. exports about a fifth of its industrial production
1 of every 10 jobs in the U.S. is directly or indirectly supported by exports
U.S. businesses export over $800 billion in goods to foreign countries every year
Almost 1/3 of U.S. corp profits comes from int'l trade and foreign investment
Exports account for 25% of U.S. economic growth
Kinda nice we get to participate in this global
"give and take" huh?
?
Because of the loss of jobs in the USA,
should we restrict globalization
and stop sending jobs overseas?

If the U.S. were to stop being a we might actually lose MORE jobs in America.
Global Participant
The End
and we are a part of the world.
Full transcript