Outsourcing is the practice wherein a business contracts or subcontracts part or all of its work to another country. This is primarily so the business can reap the benefits of cheaper labor. Outsourcing causes spikes in underemployment everywhere it’s practiced. This is because employees are displaced, jobs become scarcer, and there’s more competition for existing openings.
In anticipation of an article we’re publishing Friday, we’re featuring a clip discussing outsourcing. The video makes the point that outsourcing may have reached a point where the practice is now bad for businesses too. It’s a short and compelling clip. We hope it generates talk amongst our readers on our Community Board.