Economic Benefits of Outsourcing: Beyond Criticism

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Benefits of OutsourcingThe hardest part in the outsourcing business is that it is always controversial.

Yet, whether people abhor it or favor it, the fact remains that without the free and collective international efforts, sustaining humanity will be impossible. Patriotism is one thing, globalization is another.

So rather than waste efforts and emotions in labeling each other as greedy capitalist and blind chauvinists, for once let us consider these economic benefits of outsourcing in an objective scale, and decide whether it really affects the economy in a much wider scale:

            1.   Lower price of commodities

Imagine how many Americans are buying their basic commodities from WalMart. Say, if labor is not outsourced to lower paying laborers, Americans will get to pay higher for each item they buy. One thing is for sure, offshoring cannot be entirely removed from the industrial system. The key to this is a word called partnership, or call it compromise if you can’t swallow partnership. Either way, both the importer and exporter will get equal loss and benefit in the transaction. You lose your jobs, we lose our workers. You gain cheaper goods for every local; we gain extra income for our starving populace.

            2.   More interesting jobs

Who dreams of being a clerk anyway? Anybody who’s got ambitions will not picture themselves working 8 hours a day in a cubicle forever. And nobody steps any closer to the stars if they keep being boxed in a corporate hierarchy. The fact is that being freed from slave work is the first step to being really, really successful. Let the encoders, clerks, ITs and HRs turn into strategists, designers, and businessmen. Guess, businessmen create another set of interesting posts for the locals. One of the best economic benefits of outsourcing is that the bread multiplies, and there will be enough for everyone. Well, if we just wait for the return of investments.

            3.   Growth of Small Scale Businesses

Small scale businesses keep the balance in distribution of income and wealth between the middle class and the elites. These community-based industries prevent monopoly, and keep the dollars circulating. Since the industry gives better opportunities to start up entrepreneurs with smaller capitals, more and more middle-class locals will be engaged in venturing into making their money reproduce for them and not just let the bucks go in and out of their pockets. When micro-trading booms, the middle class no longer have to rely on the dwindling job market as their only means of earning.

            4.   On Global Trade

Globalization is not always a negative word. In fact, when we closely think of it, benefits will greatly outweigh its disadvantages. Whenever there is communication and interdependence between nations. There will be lower price of goods for all countries because the flow of investment and capitals will be healthy. What’s more with mutual trade, it triggers free exchange of ideas and education and develops international ethical standards beyond cultural barriers. Humanity will finally get inclined to each other and develop better things for each through international synergy.

These advantages may not convince people, especially who have lost their jobs because it is outsourced, but here, we stand firm to the belief that offshoring is not utterly a one-sided deal. Free trade, however you may perceive it, will always be better than hoarding one’s resources.

Before you lay the verdict, consider the economic benefits of outsourcing.

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