August 27, 2006
Did Outsourcing Raise Level of Wages?
According to the economists in the United States, outsourcing has helped raise real wages for low-skilled US workers. It happened despite the negative publicity and political controversies. There has been a view that transferring US jobs abroad has hurt American workers' wellbeing. However, this charge has been countered by the economists. They argue that wages for the least-skilled jobs has been rising for the past few years, as outsourcing boosted productivity in the organizations. Evidences suggest that the productivity effect helped raise real wages for such workers.
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