What term is used for the challenges related to job outsourcing as discussed in career development?

The term "Global displacement" effectively captures the challenges related to job outsourcing. This concept refers to the shift of jobs from one country to another, where companies may outsource tasks to take advantage of lower labor costs or more favorable economic conditions. Such displacement can lead to significant repercussions for workers in the home country who may face unemployment, reduced job security, and increased competition for available jobs as some positions are moved overseas.

Global displacement encompasses not only the economic aspects but also the social implications for individuals affected by these changes. It highlights how an increasingly interconnected world can shift labor demands and create challenges for career development. Workers may need to adapt by acquiring new skills, seeking different employment opportunities, or even moving to new locations to find work, all of which are relevant considerations in the landscape of career planning.

Understanding global displacement is crucial for both individuals and policymakers looking to navigate the complexities of the modern job market and mitigate the negative impacts of outsourcing on the workforce.