Next Wave of Remote Work Is About Outsourcing Jobs Overseas

US companies are outsourcing jobs overseas due to labor shortages and rising wages, cutting wage bills and easing pressure on inflation. The shift to offshoring is accelerating and some economists see it as the beginning of a new era.

April 11, 2023 . 8:15 PM

1 min read

US companies are outsourcing jobs overseas as a solution to labor shortages and rising wages.
During the pandemic, companies learned that employees could be productive from remote locations.
Hiring abroad allows companies to cut back on their wage bills, easing pressure on inflation.
10-20% of U.S. service support jobs could move overseas in the next decade.
Office offshoring is accelerating and some economists see it as the beginning of a new era.