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Who Wins In Offshoring
The savings enjoyed by companies that move labor-intensive service industry work from the United States to countries with lower labor costs have triggered an exodus of US business-processing jobs. Some analysts project that by 2015 roughly 3.3 million of them will have moved abroad. This prospect has prompted calls for the government to restrict offshoring. But they overlook the benefits that accrue to the US economy from it.
The take-away: A study by the McKinsey Global Institute details the substantial positive economic benefits to the US economy from offshoring.
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