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The larger company who hires more workers at a lower wage can increase their output. This enables them to take on more business an increase their profit leaving less business for the smaller company.
Once companies cut their labor costs, they tend to look for other places to cut their costs, consequently companies then tend to make cuts in their benefits packages...
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Some of the ways they do this is by increasing the amount their employees pay for their healthcare or by not offering it at all. To summarize, you have people working less hours, for less pay and no benefits. What toll does this have on the American worker and his way of life?
In spite of outsourcing American jobs, there are those who will say that outsourcing is helping our economy and the unemployment rate...
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“The role of business is to serve the larger society, which is best accomplished by being responsive to the larger society.”
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