DEVELOPING COUNTRIES like India, China and Philippines are desperate for employment. They are not capable of providing jobs to their youths. Consequently, brain drain is a common feature in these countries. In other words, youths are compelled to go abroad for employment.
During presidential elections in USA, Barack Obama had said that he is not in favour of outsourcing, because Americans are themselves facing the unemployment catastrophe. Thus, the latest change in views of the US President regarding his disinclination to stop outsourcing is a welcome move for developing countries.
Now, he is interested in creating high-skilled, high-paying jobs, which cannot be off-shored. But along with this progress, he will not bring back the low-wage, low-skilled jobs outsourced to countries like India and China.
Obviously, change in his mindset is a big relief to thousands of youths in countries like India, China and Philippines, where American companies have outsourced their work.
According to Obama, it probably may not be good for our economy, because through this decision, we will deprive American’s youths of employment. In spite of that Obama is hopeful of a cluster of these jobs to come back because, there is no way that people could be getting paid a living wage on some of these jobs.
In this regard, a question arises, when can American people expect jobs that have been outsourced to other countries to come back and be made available to the unemployed in the US?
Well, for solving this problem Obama is ready to create new jobs for American youths. Though, he is creating alternatives, yet as per his opinion, not all of these jobs are going to come back. What we have got to do is create new jobs that can't be outsourced.
Further, Obama said that it is very hard to hang on to outsourced jobs because there is always a country out there that pays lower wages than US.
As indicated by Obama, to create new high-skilled jobs, energy is very promising aspect. Actually, an overhaul of the electricity grid can generate employment. In this regard, smart grid is a unique feature for employment generation. He too is enthused about it. As per his opinion, through this, we have got an entirely new set of technologies and huge demands in terms of energy.
Obama asked Americans to have some patience as he works towards revival of economy and new jobs start appearing in the market. According to him, we are going to have to be patient and persistent about job creation, because American people have not lost all the jobs in this recession.
Undoubtedly, we are still going to be in a difficult phase for much of this year. In present circumstances, employment is typically what is called a lagging indicator.
However, Obama has many challenges. Unemployment is one of them. But outsourcing is a compulsion of American companies. Along with this, it is also a big stimulus for American economy.
In fact, low-paid labour is a big source of their income. Less expenditure over manpower is their main policy in this connection. On the contrary, outsourcing is a boon for developing countries. Many developing countries are still facing population problems. India and China are overpopulated; they are not able to provide jobs to their youths. In this state of affairs; outsourcing is a boon for us. Obama keep it up!