In this discussion, participants can explore both sides of the IT offshoring debate. On one hand, offshoring can lead to significant cost savings for businesses by accessing lower labor costs, increasing global competitiveness. On the other hand, it raises concerns about job displacement, particularly in higher-wage countries. Is offshoring ultimately a win-win for both the company and the global economy, or does it hurt workers in certain regions? How can companies balance cost-saving benefits with their responsibility to local communities and job markets?
The Impact of IT Offshoring on Job Markets and Global Economies: Balancing Cost Reduction and Employment Loss.
by MANVI BANGA -
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