US firms look at home for hiring
Some firms beginning to reverse trend of outsourcing jobs to developing economies as cost of foreign labour rises.
Published On 9 Mar 2013
There is more evidence that the US economy is recovering, with the latest unemployment figures showing that the jobless rate has fallen to a four-year low.
Among the companies hiring in the US are high-tech firms, reversing the trend of outsourcing jobs to developing economies – a practice called re-shoring.
These firms say that re-shoring makes financial sense, as costs of labour from Asia was rising about 18 percent a year
Al Jazeera’s John Hendren reports from the US state of Illinois.
Source: Al Jazeera