Banks Aren T The Only Villains Outsourcing Jobs Summary

Karl Marx would respond to the article, “Banks aren’t the only villains outsourcing jobs”, by Thomas Walkom with a sizeable difference of opinion. Marx would use his theory of surplus labor to identify why he disagrees with the idea of outsourcing. Marx’s theory of surplus labor refers to the idea that a certain amount of work completed each day creates no value for the laborer themselves, but instead value is created for the employer and or company in which the laborer is working. From this perspective and theory, Marx makes it evident that labor and working is very important for one’s existence in society. His problem would lie in the issue that the capitalists benefit from the hardships and unfair hard work of those doing the work. The employees work for less pay as the employers continue to outsource and find cheaper alternatives for their work to be competed.

Businesses are trying to pay their employees less, while continuing to expect them to do the same amount of work. This is where outsourcing was established. Jobs are being outsourced to cheaper countries, where the workers are willing to do the work for a smaller salary than those in more established and industrialized nations. This means the company itself is making more profit, while the employee is not. For example, if a company is charging their clients a certain price and they start outsourcing their work to make it cheaper, the company is now acquiring a larger profit. This money does not help the worker, it goes back into the pockets of the owners and