"Labor arbitrage" refers to the practice of taking advantage of differences in labor costs between different countries or regions. It involves outsourcing labor-intensive tasks or jobs to places where wages are lower, in order to reduce costs and increase profitability.
Full definition
Synonyms for individual words can be found below.
«labor»
«arbitrage»
Sentences with «labor arbitrage»
- LPO relies on labor arbitrage and technology to dramatically reduce the cost of high - volume / low - value «legal» functions (e.g., e-discovery, contract review, knowledge management, compliance, and other routine practices). (lawtechnologytoday.org)
- LinkedIn's Labor Arbitrage Comes To Silicon Valley covers the shift to lower cost locations by many Silicon Valley firms. (smallbizlabs.com)
- It started as labor arbitrage and has morphed to a labor / technology / process triad. (legalmosaic.com)
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