Absolutely. After the “Great Resignation,” where labor was tight and wages were pushed up, there was a large push in both tech and financial services to stand up offshoring operations in Chennai and Hyderabad (India), Manila (Philippines), and LATAM (primarily Mexico City, but also parts of South America) in order to avoid hiring US workers.
As others have mentioned in this thread, simply look at the unemployment rate and time to find a job for these workers. The labor force exists, companies just don’t want to pay for it or offer flexible work (RTO, which is also used to cram down labor costs). They want the control back.
Walmart years back tried a buy USA push. Lower prices outside the us, due to lower wages, less regulations, …. Didn’t last long. If people really want in country products, they’ll just have to pay more. Companies aren’t going to make less.
Readit News
As others have mentioned in this thread, simply look at the unemployment rate and time to find a job for these workers. The labor force exists, companies just don’t want to pay for it or offer flexible work (RTO, which is also used to cram down labor costs). They want the control back.