Preview

Regulation

Powerful Essays
Open Document
Open Document
1796 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Regulation
Executive Summary
What types of regulation should the government enforce to regulate outsourcing and why?
The government was created by our founding fathers to help run America. Laws and regulation are established to protect and serve the American people. Outsourcing is becoming more prevalent in our society and as a result, yes government should intervene to regulate it. Businesses have the options of receiving government funds and in return should be regulated by the government. Job security and pricing is both a stake when it comes to outsourcing. It is important that the government intervenes when necessary, especially when it comes to protecting the American people.
The types of regulation in effect have mostly to deal with tax cuts on a federal level. Many businesses who outsource often receive government funding to promote outsourcing. While on a state level many businesses can only outsource a proportion of their business if they want to receive state funding. State and Federal legislators are often at battle when it comes to outsourcing. The conflict between what is good for the country as a whole is often conflicted with what is good for the state.
This paper will outline the pros and cons of outsourcing and how it affects the United States economy in regards to jobs and cost. Briefly, I will discuss the history and time line of outsourcing, while explaining the progress of outsourcing. This progress will include comparing ancient outsourcing to the outsourcing in the 21st century. I will also go into great detail about the differences between state and federal legislation in regards to outsourcing. Lastly, I will conclude with more options to regulation in regards to outsourcing. These options will include regulations that deal with labor laws how America can increase jobs.
Introduction
According to Webster’s Dictionary, outsourcing is the contracting out of a business process, which an organization may have previously performed internally

You May Also Find These Documents Helpful

  • Powerful Essays

    Government regulation in business today is vital because it attempts to create a level playing field for companies competing against one another and regulate honest business practices toward the consumers. It is important to for any business to understand how government regulation affects their industry and how they intend to run their company.…

    • 1492 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    American companies can be stopped outsourcing by barriers set up by the government. These can exist in the form of various taxes and fees that are required in order to outsource production. These fees act as a great deterrence as they make the companies pay more than they would if they do not perform any outsourcing, and keep production within the country.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In many circumstances a product can be made here in the United States by a worker making fifteen dollars an hour plus benefits; or companies can find the same product somewhere else made where a worker is paid four dollars an hour, with no benefits. Which one would be more of a logical move? After all, it is the bottom line companies are chasing here. Why wouldn’t companies want to take jobs overseas? Which leads us to what outsourcing really does to the U.S. economy. Is it really hurting the economy? If so, why are so many companies considering offshore outsourcing to be beneficial? What should we as students do to prepare for the future if outsourcing continues to grow? Below will contain an analysis of the advantages, and…

    • 3058 Words
    • 88 Pages
    Powerful Essays
  • Good Essays

    Econ Paper #4

    • 1363 Words
    • 6 Pages

    In the beginning there was no intention for the government to have a hand in business. The government wanted businesses to act on their own best interests without any involvement from the government. Regulation was brought about to enhance the public and take care of those that have lost or investigate those who have cheated. For many years there was no government regulation and as time progressed the need for it became apparent. Regulation has a lot of costs and a lot of benefits. The government likes to keep them efficient by making sure the benefits of them outweigh the cost. It isn’t cheap to have these regulations in place but it is what is needed to make sure that companies are doing the right things. The following are roles of government: protecting business property and enforcing business contracts, setting and collecting taxes. The government would provide fire, police and military protection under protecting business property. The government would issues trademarks to businesses to protect their products, copyrights to artists and writers to protect creations, and patents to inventors to give them control of their inventions. Within the soft drink industry government regulation is much needed due to the fact that child obesity is on the rise. The role of government in business has changed and evolved since the country was born. The government is involved in business to provide public goods; to protect public health and welfare; to stabilize the economy; to protect businesses, consumers, investors, and competition; to conserve the environment; to regulate working conditions; and to protect business property. Both state and federal laws govern mergers and acquisitions. State laws set the procedures for the approval of mergers and establish judicial oversight for the terms of mergers to ensure shareholders of the targeted company receive…

    • 1363 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Assignment 10

    • 1052 Words
    • 4 Pages

    Whether business owners know it or not, but the government create laws and regulation to protect the business.…

    • 1052 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    As the problem of job outsourcing becomes more of an issue in politics, elected officials like the President and Congress will no longer be able to ignore the dilemma. The war in Iraq has been at the forefront of the presidential race but the importance of outsourcing American jobs seems to have been slightly overshadowed. If the issue of outsourcing is not watched carefully and a definitive plan hammered out, a trickling down of negative effects may occur within the U.S. economy. However, there is a polarized opinion on the effects of this "phenomenon".…

    • 1056 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Bus110

    • 743 Words
    • 3 Pages

    Outsourcing means that contracting with other companies to do some or all of the function of a firm, like its production or accounting tasks.…

    • 743 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    30 little turtles

    • 830 Words
    • 4 Pages

    What is outsourcing? Outsourcing is a practice used by many different companies to reduce costs by transferring portions of work to outside supplies rather than completing it internally. You may be asking yourself “why should I care”, “how does this have anything to do with me”. Well when you buy a new pre-paid cell phone, in order to activate it you must call the one eight hundred number on the back, should you be surprised to know that most of the respondent’s is of Indian ethnicity? In fact almost all of our technological based problems are solved by other ethnic based community’s. How does outsourcing affect the American people? Should we as a country support it?…

    • 830 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Regulation

    • 596 Words
    • 3 Pages

    State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers and (b) a copy of the proposed regulation you used for this assignment. (10 points)…

    • 596 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Essay Offshoring

    • 1893 Words
    • 8 Pages

    These days we hear a lot about offshoring. But offshoring has become a hot topic that it was even discussed in the recent presidential debate. There are so many questions come to us when we talk about outsourcing. Sending jobs to countries who don’t ask for much is easier than paying Americans who ask for what will get them through the day. Workers in countries such as china and India are hard workers. Many people do not realize that outsourced jobs leave many Americans unemployed. Another problem is that we have more than Americans relying on us. Outsourcing affects everyone. That’s why many young Americans are going to other fields that are the less likely to be offshored. Information Technology jobs overseas also run a security and privacy risk. Risks such as these cause a negative impact on outsourcing.…

    • 1893 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Is Outsourcing Good

    • 693 Words
    • 3 Pages

    Outsourcing is economically justifiable only once the wage differential is large enough to more than make up for lower labor productivity. For example, if the higher wages of American workers are consistent with their relative productivity, there should be no reason for a company to move its operation overseas.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Outsourcing in America

    • 1347 Words
    • 4 Pages

    Outsourcing is weakening the nation’s job-creation engine, and leaving thousands of newly unemployed workers here in the United States in search of work. With the number of companies outsourcing jobs continually increasing, it becomes a much larger issue for the U.S. workforce to find a job when so many are being outsourced overseas. Unfortunately this trend is likely to continue to cause serious harm in the United States if it continues to go unmonitored. Foreign and American governments have contributed to the problems caused by outsourcing in a number of ways. Some of the more visible ways are a lack of monitoring and data gathering, ceasing to enforce any pressure or penalties upon companies outsourcing jobs, and U.S. jobs being outsourced due to foreign incentives. These three issues are a large contributing factor to the current problem of outsourcing in the United States and its negative impact on the American workforce.…

    • 1347 Words
    • 4 Pages
    Good Essays
  • Good Essays

    American Outsourcing

    • 1669 Words
    • 7 Pages

    Since 2001, a devastating 3.2 million Americans have lost their jobs due to corporate outsourcing (Peralta). Outsourcing is laying off American workers in positions such as manufacturing, nurses, call centers, and even research/development; now, these jobs are still needed, so they send those jobs to other countries. Jobs are outsourced because other countries do not have minimum wages and therefore the extreme and desperately poor citizens will work for next to nothing. The debate presented by this is whether or not corporations should be able to lay of their American workers in order to have their work completed for a lower cost. Many people would say that it is a benefit because it makes products cheaper, it allows for drastically more…

    • 1669 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Persuasive Paper

    • 3017 Words
    • 13 Pages

    Since 1955, the United States has allowed the concept of what is known today as outsourcing. According to Henry (2004), “On January 15, 1955 the Bureau of the Budget Number 55-4 was passed by the federal government which began the practice of outsourcing by federal government in private industries relying solely on their products and therefore creating no competition within the private industry’s economy.” Since that time, there have been numerous jobs that have been lost due to the increase of outsourcing over the last thirty years. As of 2003, the status of the issue is that this problem is becoming increasingly more relevant. Congress needs to pass a law that will keep companies in the United States from hiring people in countries where they will work for less than what a person in the United States would receive for the same type of job because of the H1-B visas.…

    • 3017 Words
    • 13 Pages
    Best Essays
  • Better Essays

    The United States government intervenes in business processes in a number of ways; it has formulated regulation that governs the film distribution industry to ensure a level playing field, ensuring employee protection, protection of the environment etcetera. For instance, there are laws that govern advertising. These laws are set to ensure that advertisers are truthful and honest in their adverts. To protect the rights of employees, the government regulates issues such as the minimum wage payable to an employee, the maximum working hours and a good working environment.…

    • 1315 Words
    • 6 Pages
    Better Essays