How Offshoring And Artificial Intelligence Threaten U.S. White-Collar Workers

Outsourcing has become a popular business tool for companies across the U.S. looking for ways to ... [ ] increase profit margins and cut costs. Johnny Taylor Jr., CEO of the Society of Human Resource Management, offshored the job of a tech employee to India, saving 40% in the labor-cost arbitrage, when she asked to relocate from Arlington, Virginia, where the HR membership group is based, to North Carolina, according to the Wall Street Journal. Companies are accelerating their efforts to send jobs to lower-cost countries in response to the challenge of finding workers and inflation driving up wages. A recent Federal Reserve Bank of Atlanta survey found that 7.3% of leadership in the United States plans to move more jobs offshore as the next step from remote work within America. Richard Baldwin, an economics professor at the Graduate Institute in Geneva who studied the "offshoreability" of teleworking jobs, gave a warning at the European-based Center for Economic Policy Research last year, "If you can do your job from home, be scared."