However, from any aspect, it is completely unfavorable for the counties who are outsourcing the work. A outsourcing is becoming white ant for micro economy.
Since, their own skilled and up to the mark work force as well as economic activity is suffering with the illogical competition of exchange difference. This situation will eventually increase the unemployment and will raise the anarchy and crime rate.
At the same time, the world wide cost competition cannot be compensated by the individuals.
Therefore, compensating measures should be taken from the government to the industries that are outsourcing their jobs and transferring their businesses outside U. A for cheap cost of doing business and high profits.
Second reason is availability of highly skilled work force in large amount. While the underdeveloped counties like India has dragged enormously the business of software development, customer services, and assistance from U. Therefore, in fact, the factor of efficiency and cost effective solution has manipulated the businesses of U. Why India is doing outsourced work on the cheap rates?
Actually these two reasons are the major factors of substantial outsourcing. Nowadays and in near future, outsourcing will be the major challenge for U. Because, their currency is much weak against the dollar, therefore a handsome conversion of exchange gain is actually the reason behind cheap rates. Availability of skilled work force: Skillful and quality labor is fundamental need for outsourcing.Q: How could it possibly make sense for Trump to accuse Mexico, China and Japan of “stealing” our jobs, unless he also admits that the US is apparently then also “stealing” jobs from other countries, more than seven million in 2016?A more enlightened and up-to-date view of international trade would recognize the economic reality that modern businesses today operate in an increasingly globalized marketplace for their inputs, parts, materials, supplies along complex, cross-border supply and value chains that include multiple dozens of countries.Outsourcing has busted the labor and skilled personnel in U. Moreover, it is not about India only, but it is about many other underdeveloped countries like Pakistan, Kenya, Bangladesh and others who have flourished their skilled and competitive labor for offshore working. And it should be stopped; otherwise an enormous unemployment will be the future of U. The countries that are involved in providing the labor have developed their educational and skill development structure on international standards.While, many other counties are coming in the race, that is an alarming situation for the outsourcing countries like U. Though, they have primarily developed those standards for their own business and industry.But, the lucrative offers from the employers outside have dragged them to do job for them.However, it boosted the economic activity of their native country as well.Bottom Line: In today’s highly globalized economy, multinational firms operate in a world marketplace that increasingly makes national borders meaningless and irrelevant, as firms capitalize on hyper-efficient global supply chains that add enormous value, and ultimately result in lower costs and higher quality for the goods that consumers buy here and around the world.In the recent Trump-era discussions on US manufacturing, the outsourcing of production and jobs overseas, and the supposed “theft” of our jobs by Mexico, China and Japan, we lose sight of another big part of the global economy: the America by the 6,100 US-based affiliates of foreign multinational companies that operate here and employ millions of our workers.Obviously, when people will not find a suitable job and sufficient earnings, they ultimately involve themselves into the enraged moods and will do illegal activities.Therefore, the affected ones would be the local citizens who actually are suffering from the stressed situation. If government shell not took measures to discourage the outsourcing and give some economical benefits to the employers who are outsourcing (Hasan, 2008).