The resolution urges Congress and the President of the United States to implement legislation that penalizes companies for outsourcing labor to foreign markets. It highlights the growing trend of U.S.-based companies opting to outsource as a cost-saving measure, which often results in lower wages for workers in emerging markets compared to American workers. This practice not only allows these companies to sell products at lower prices but also contributes to the unemployment crisis in the U.S., where approximately 7.6 million Americans are currently jobless, including over 240,000 in New Jersey alone. The resolution emphasizes the negative impact of outsourcing on various industries, particularly manufacturing and technology, and notes that the number of jobs held by U.S. multinational enterprises overseas has significantly increased.
To combat this issue, the resolution calls for policies that incentivize companies to hire American workers instead of outsourcing. Proposed measures include prohibiting companies that outsource from receiving federal contracts, tax breaks, grants, or loans, as well as establishing an outsourcing tax on those that eliminate American jobs in favor of cheaper labor abroad. By enacting such penalties, Congress and the President can create financial incentives for companies to retain jobs within the U.S., ultimately providing essential employment opportunities for millions of Americans seeking work.