Outsourcing as a phenomenon in recent times has come into more scrutiny than even the 9/11! This is owing to the relative pace at which things are happening giving rise to a fear psychosis among the workers in the developed nations.

The Bush administration is in a state of fix with the elections nearing to change its stand on outsourcing. On the other hand Democrat John Kerry has stepped up efforts to term outsourcing as a job drainer and has promised to stop all incentives and tax cuts to companies that outsource if he gets into power. As for now the economics of outsourcing has lead to a situation that demands a valid explanation from the US government in case it passes laws to curb outsourcing. This is because of the fact that US has always supported globalization in a major way and efforts to stop outsourcing would be seen as opposing this very view.

The economics of outsourcing is rather complex only because of the fact that there are experts who criticize it where as there are many who are in favor of it. So if outsourcing is a win-win situation or a lose-lose situation is something that only time can answer.

The outsourcing American job statistics clearly indicate that IT jobs are the ones that top the lists. Quick to follow are the call center and other marketing and HR related jobs. Outsourcing it medical transcription jobs are also on the rise. Same as the US industrial outsourcing UK is also on the rise. The industrial outsourcing UK market water is heating up and so is the uprising against it. Though the facts on outsourcing jobs still remain which indicate a positive result in the long run as newer and better jobs are introduced into the US and UK economies.

Outsourcing advantages/disadvantages