IT Offshoring

IT Offshoring

by Shreyan Bhukya -
Number of replies: 0

IT offshoring presents a complex dilemma. On one hand, it can significantly reduce costs for organizations, enabling them to reinvest in innovation and potentially create new opportunities in their home countries. It can also provide jobs and economic growth to developing countries, helping to improve standards of living. On the other hand, it often results in job losses and wage stagnation in the countries where these jobs originate, causing social and economic disruptions. I believe the key lies in finding a balance—organizations should explore ways to invest in retraining displaced workers and fostering domestic innovation while ensuring fair labor practices and sustainable economic benefits in offshore locations. This balanced approach can mitigate the negative impacts and promote global economic equity.