While cheaper outsourcing supports local businesses, employees are left behind.
While cheaper outsourcing supports local businesses, employees are left behind. One example is CIBC, who laid off over 130 employees in 2017 — but not before having them train their replacements who will do the same job in India at a lower price. The manufacturing sector has also been vulnerable, with steady job loss since the early 2000s as a partial result of globalization.