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Domestic labor market
Analyzing the Effects of Outsourcing on Local Jobs and Economy
December 27, 2023
How does outsourcing impact the domestic labor market?
Outsourcing affects the domestic labor market by shifting jobs overseas, leading to job displacement and reduced wages in certain industries. While it can lower production costs for companies, it often raises concerns about unemployment and its impact on local economies.
Tags : Outsourcing , Domestic Labor Market , Globalization