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'''Offshoring''' is the movement of jobs by businesses to foreign countries where labor rates are cheaper and there are fewer regulations. Often times, this is done through an [[outsourcing]] company like Foxconn, though sometimes open up their own in-house plants offshore. Many manufacturing jobs move from the United States to foreign countries in this manner.
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'''Offshoring''' is the movement of jobs by businesses to foreign countries where labor rates are cheaper and there are fewer regulations. Oftentimes, this is done through an [[outsourcing]] company like Foxconn, though sometimes open up their own in-house plants offshore. Many manufacturing jobs move from the United States to foreign countries in this manner.