Globalization, or outsourcing, has been an obstacle to the American economy for almost twenty years. Outsourcing has cost millions of U.S. jobs over the past two decades and continues to create problems for American families. Outsourcing is a barrier to the U.S. economy and will have a lasting effect on today's college graduates and young children. If outsourcing is harmful to the American economy, it constitutes a growth factor for the economies of countries like India. However, India has a social caste system. The caste system determines what social class a person is born into, and that person must remain in that social class throughout their life. Therefore, the economy of this country would be better, but it would only help the rich to become even richer and the politicians would have a stronger impact on the poorer classes. JOBS Job growth is at an all-time low, and that's because of the wages Americans need to have to survive in the United States. The largest companies in the United States are discovering that there are equally qualified workers in other countries who don't demand as much wages. The article Vanishing Jobs says, “Nationwide, layoffs are eliminating jobs far beyond blue-collar...in an ever-shrinking manufacturing sector” (Katel). This quote interprets the idea that businesses will do anything to make a greater profit by reducing costs. Most politicians say the problem behind America's job losses is lack of education. This is true to a certain extent; however, the evidence provides the information to conclude that degree holders are mostly those who lose their jobs due to the higher salary obtained by the degree...... middle of paper ......ect about college graduates and young children today. Outsourcing has caused nothing but trouble in the United States with the adoption of free trade agreements. This will lead to a lack of jobs which will cause the economy to collapse and ruin the lives of citizens of the United States. All this so that a company can use its bad practices to make a higher profit. Outsourcing has consequences that will haunt the average American and their families for the rest of their existence on this planet. Works Cited Katel, Peter. “Disappearing jobs”. CQ Researcher March 13, 2009: 225-48. Internet. December 3, 2013. Gregory, Paul Roderick. “Contractor in Chief: Obama from General Motors. » Forbes. Forbes. August 12, 2012. the web. December 4, 2013.Maynard, Michelle. "Detroit is eligible for bankruptcy and the city's pensions are at risk." Forbes. Forbes. December 3, 2013. the web. December 4 2013