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August 17, 2024

Global outsourcing

Global outsourcing, is it good, bad, or ugly?

In recent years, we often heard about global outsourcing in the US business.

Especially, when the US economy was sluggish, one of the major blames went for Global outsourcing, due to US job loss overseas.

Q1) Global outsourcing, is it bad? because US manufacturing jobs went to China or India at the expense of US laborers.

Q2)Global outsourcing, is it good? because US businesses can take advantage of cheaper foreign labor to survive like an introduction of new technology such as robots or computers or can attract insourcing from overseas.

Q3) Global outsourcing, is it ugly? because US businesses can exploit the sweatshops from overseas.

Q4) Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence could replace human labor in the future.

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