K Mart

One of the hottest, most controversial topics in the news is the outsourcing of American jobs to other countries. Outsourced jobs are extending well beyond the manufacturing sector to include white-collar professionals, particularly in information technology, financial services, and customer service.

Today I'm going to reveal just how much outsourcing is taking place, and how it is causing job loss. What its impact is and will be, and How it is violating the privacy of many Americans.

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Outsourcing does not save companies money like they claim. I showed u this salary comparison in my first speech. Now I will take one job out of this table and explain to why outsourcing does not really save these companies money.

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According to a 2005 Gartner study about 80 percent of companies that outsource customer-service functions fail to meet their cost-savings targets.

Dell tried it, then reversed course. Capital One gave up as well, and so did JPMorgan Chase. All came to the same conclusion about their attempts to farm out front-line customer-service jobs to outside contractors: The hidden costs far outweighed the potential savings in labor expenses.

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Outsourcing isn't just stealing American jobs; it also provides the perfect method to. Continue feeding the booming identity theft business. How?

According to the Boston Globe, More than 1,000,000 income tax returns were outsourced to India this year.

There are little to no laws In Indian and China to control identity theft or privacy violations.

Every tax payer should be concerned because? Offshore tax preparers can see the taxpayers' names; addresses; social security numbers; dates of birth; phone numbers; email addresses; wages; banks, mutual fund and brokerage statements; even the Federal Reserve routing numbers and account numbers of checking and savings accounts. "This information is the ultimate pot of gold for an identity thief,"

* TransUnion, one of the three major credit bureaus, also outsource all consumer disputes to a processing center in India. Rival bureau Equifax currently outsource some dispute work to Jamaica. Credit-bureau files contain some of your most sensitive financial data, including your Social Security number, credit account .

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