Outsourcing is the process of acquiring services from outside an organization or business. The theory of outsourcing is that it's actually cheaper than doing it yourself or hiring staff. In most cases the savings are achieved by hiring extremely cheap labor working in usually dismal conditions. In the US, outsourcing during the 1990s was considered a job destroyer, and in the eastern states an economy wrecker, removing a lot of income capital from the domestic economy.
Examples of Outsourcing:
|The earliest outsourcing in the US were the maquiladoras in Mexico, and the South East Asian sweatshop labor producing designer sneakers for top brands.|
An indian call center.