Everybody knows that The latest recession brought problems for many countries, a number of the elements that were learned to was to save money and stay in one place. When it comes to the labor market, the closing of many businesses transformed many workers from being unemployed to becoming freelancer. The shifting of work by companies from in-house to outsourcing is part of that trend.The transfer to outsourcing by company and the establishment of a freelance association started some years back. 5 years ago, the Wall Street Journal ran a story on how retirees were moving to 3rd world nations where the cost of living was less expensive. While there, they used their skills and contacts to work as freelance artist to supplement their income. By living where it is less expensive, the retired freelance artists are able to maintain their prices low but maintain a high quality of work.
The transfer to outsourcing by corporation and the establishment of a freelance network started some years back. 5 years ago, the Wall Street Journal ran a story on how retirees were moving to 3rd world nations where the cost of living was less expensive. While there, they used their skills and contacts to work as freelance artist to supplement their income. By living where it is less expensive, the retired freelance artists are able to maintain their prices low but maintain a high quality of work.
These days, the highly skilled workforces of the world have adapted to the lack of permanent jobs by becoming freelancer. The work is abundant since the downsized companies have continued to look for ways to cut cost and outsourcing what they can has been a major part of it. While it is still true that many companies are moving their entire operations overseas and hiring foreign firms as their outsource agents, there are still many individuals that are available to do the little tasks.
With this becoming a global trend that has been made possible by the growth of the internet as the medium of choice for the transfer of information and communication, employers from around the world are saving on their bottom line by outsourcing more and more projects on a daily basis. This is a positive outcome for the highly skilled workers in countries that have a lower standard of living because their overhead is smaller.
This has been the direction of how business is being conducted that was only accelerated by the global recession. Unfortunately, there are losers to this global trend and they are the workforces in the developed nations. With their relative high cost of living, their overhead is too great to compete with those that have moved to 3rd world countries. As a result, the standard of living is on the decline in most of the western world while the 3rd world nations are starting to catch up to them.This globalization of outsourcing is a ordinary development of capitalism whose main premise is to maximize profits by lowering cost. The leading effect of this globalization of outsourcing work is the shift of revenue from the more industrialized nations to an even layering into the developing world. The average of living around the world will be more evenly distributed and a better life is now available where it was non-existent before.With the outsourcers and freelancers coming together to complete the necessary work to run the worlds economies, the equilibration of jobs, revenue, and chances will bring the two sides of the have's and the have not's closer together.
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