There are many benefits associated with outsourcing, but there’s also one major negative.
On the plus side, outsourcing jobs helps US businesses become more competitive globally. It enables them to sell to overseas markets by establishing branches in different countries and helps them cut costs by hiring a cheap workforce from regions with a lower standard of living.
However, the main downside to all this is that about 300,000 Americans lose work opportunities every year because they’re given to professionals overseas instead.