Beneficial or Fatal?

What is outsourcing?

Outsourcing is contracting or working abroad/overseas or getting goods/services from an outside/foreign supplier.

Why outsourcing can be a good thing.

Outsourcing can increase productivity and competitiveness. Companies have more availability and access to extremely qualified professionals; creating jobs wherever the company sends its business. Also, since companies are doing well and can supply people's demands it may play in increasing globalization, which can result in economic growth.

Why outsourcing can be a recipe for disaster.

Although outsourcing can have its benefits, most people are against the fact that companies are shutting there businesses here in the U.S. and going overseas. Most companies end up doing this, because of its lower labor costs. In the U.S. a company can pay just one person $7.50, but in places like Mexico that same company can pay up to 3 or 4 people splitting up the $7.50 among all of them. Also there are less safety rules and precautions that cost the company thousands to have.