Outsourcing has often revolutionized the business models and how businesses are conducted locally and globally. The dream of every American is a prosperous future that is promising for the generations to come. However, the debate about America’s economic slump has become increasingly critical of the once world’s economic giant that has fallen behind other emerging economies. The emergence of rapidly growing economies in Asia, India and China, and certain parts of Europe and America has become a worry to economic experts (Bhattacharjee & Chakrabarti, 2015). In their view, the future of America seems bleak if tough and radical measures are not taken to avert the negatively impacted economy. The growing trend in outsourcing has created a niche in the global market as many countries now prefer to use it due to its competitive nature.
The future of America will be brighter if many organizations continue to embrace outsourcing models since the economic situations have shifted to be more personnel-driven than cost-driven (Bhattacharjee & Chakrabarti, 2015). The rising cost of manufacturing due to the escalating energy cost that makes it necessary to adopt the outsourcing model thus keep the operations costs as low as possible. It implies that organizations will use the outsourced expertise and labor that is cheap. The global industries are adopting the skilled outsourced labor and as the global businesses are moving towards cloud outsourcing, the future of American manufacturing will be determined by outsourcing. As research shows, high-end entrepreneurial functions will be more outsourced, but the low-end business services will be stable. As asserted by Mandelbaum and Freidman in the Pillars of Prosperity, the worrying trend of public education will mean that America over-relies on outsourced skills and that will hurt the economy as it will lack sufficient skilled labor thus leading to the downfall of the manufacturing industries (Freidman & Mandelbaum, 2011). It can further make the country target of the perceived enemies that might attempt to frustrate the economy. Also, they country might be in an economic lapse if proper education is not offered to the youths to help bridge the knowledge gap that exists between the old and the young people in America (Freidman & Mandelbaum, 2011). Investing in public education will help secure future skilled labors thus improve the manufacturing industry rather than depend on outsourced expertise.
References
Bhattacharjee, S., & Chakrabarti, D. (2015). Indian IT outsourcing industry: Future threats and challenges – A reassessment. Futures, 67, 11-21.
Freidman, T., & Mandelbaum, M. (2011). That Used to be US. 197-199. Retrieved March 25, 2016.
