An alternative's opportunity cost is what you forfeit in order to pursue it. Manufacturing has been moving overseas for a long time in the manufacturing industry. The opportunity costs are assessed by many of them prior to the move. Going to a country with a language barrier presents an opportunity cost for industries migrating abroad, but the advantages of doing so might outweigh the disadvantages. Due to the U.S.'s rising operating costs as well as the increased number of rules and labor requirements that businesses must follow, many sectors are still moving abroad. Locally accessible jobs in the United States have been impacted by the change.

However, they are generating employment in a potentially impoverished nation. Companies that relocate overseas are able to operate more cheaply and provide goods to American customers at reduced prices. In this movement, there are more wins than losses.

Jobs are made available to people abroad, businesses may make more money since their costs are cheaper, and businesses can charge customers less for their products. Since low-skilled occupations are being outsourced, I think this may inspire some Americans to enroll in college or vocational training to pick up a skill that would help them land a better career. The advantages of migrating abroad therefore outweigh the disadvantages, even though doing so results in the loss of jobs in the United States.

Froeb, L., McCann, B.T., Shor, M., & Ward. M.R. (2018).MindTap forManagerial economics: A problem solving approach (5th ed.). Cengage Learning. ISBN-13: 9781337106580

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