But at an individual level, the alternative of not outsourcing is worse for the person that would receive the wage.
At a macro level, I’d also like to point at the China - US outsourcing story, and how it’s going regarding hollowing out of industries, IP and know-how transfer, and plain old money transfer. It’s not going too bad for China for the moment...
All thanks to China's economic policy. They managed to suck out the wealth of the west for years, something they could do because they were and are in a privileged position. It is not the same for many other developed countries. In fact if you don't consider China, since 1981 we have 1 billion more poor people in the world.
At a macro level, I’d also like to point at the China - US outsourcing story, and how it’s going regarding hollowing out of industries, IP and know-how transfer, and plain old money transfer. It’s not going too bad for China for the moment...