Offshoring

A basic textbook definition of offshoring is the migration of jobs, but not the people who perform them, from rich countries to poor ones. A more modern deffinetion is Offshoring simply means having the outsourced business functions done in another country. An example of offshoring in recent news is the IBM laying off 2000 workers in the U.S and many people are blaming offshoring because of this. An employee says that his team of workers started with 15 U.S based workers and now there are only 3 U.S based workers. That is a definite example of offshoring.