Question

In your opinion, what imparted products or outsourcing services should be made or provided in the USA to enhance the employment or GDP U.S. economy? Please provide at least 3 goods or services as your choice by a brief explanation.

Answer 1

The major reason for imports or outsourcing services are the high manufacturing costs incurred due to inhouse production. In order to achieve high profit and reduce their operational expenses countries involve in outsourcing or importing.

Three goods or services that USA can rely on for improving employment are

1. Call cen-tre services - Due to availability of cheap labor in the third world countries, US exports 80% of its call cen-tre services. This can cause a huge employment opportunity for the citizens when done in-house.

2. Health Insurance Related Service - Medical Billing / Transcription - Health data is quite sensitive and hence outsourcing these data can be reduced which in turn can give employment to quite a lot of people, which in turn can contribute to the growth of the economy.

3. Electronic Goods Japan and China are the leading exporters of electronic goods. USA has technology and finances, except for high costed labor. IF they find a way out to balance between these, they will be able to enhance employment within US and thereby contribute to the enhancement of economy.