BUS434 Wk 1 dis 2

Global Wage Rates

Wage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.

Respond

Companies that choose to outsource their jobs are paying workers pennies on the dollar to produce products that they are selling for a significantly larger price in the United States and in any business making profits is the main goal of the company, so I can...