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Among problems encountered were supply-and-demand induced raises in salaries and lost benefits of similar-time-zone. Other issues were differences in language and culture. [100] [81] Another reason for a decrease in outsourcing is that many jobs that were subcontracted abroad have been replaced by technological advances. [102]
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The debate over job creation has dominated the political landscape of 2012. And with good cause, too, given the national unemployment rate of 8.1 percent. With so many out of work, it's maddening ...
On 6 April 2013, CBC News reported that Canadian IT workers at the Royal Bank of Canada (RBC) were losing their jobs to replacement foreign workers, who were brought from India by outsourcing firm iGATE. Existing RBC employees trained their replacements before they themselves were laid off, causing their appeal to the media.
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The countries where jobs were least vulnerable to automation were Sweden, with 46.69% of jobs vulnerable, the UK at 47.17%, the Netherlands at 49.50%, and France and Denmark, both at 49.54%. The countries where jobs were found to be most vulnerable were Romania at 61.93%, Portugal at 58.94%, Croatia at 57.9%, and Bulgaria at 56.56%.
The number of jobs lost to offshoring is less than 1 percent of the total US labor market. [49] The total number of jobs lost to offshoring, both manufacturing and technical represent only 4 percent of the total jobs lost in the US. Major reasons for cutting jobs are from contract completion and downsizing. [50]
To be sure, outsourcing jobs to India or another country is no simple task. As the Wall Street Journal reported in 2007, well before the pandemic turbo-charged remote work, few companies have much ...