3 ms·
It is in fact the same from the economic point if view. You are replacing labor input with capital input, whether it's buying a machine or offshoring the work.
by VHRanger 3y ago
It is in fact the same from the economic point if view.
You are replacing labor input with capital input, whether it's buying a machine or offshoring the work. Workers offshore can be thought of as a machine.
Not that it's bad either way! But the labor economics are the same.