The HIRE Act: 25% tax on outsourcing (opens in new tab)

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.

Yes, there are many people in the US looking for jobs.

Referring to software and hardware talent, which are the biggest target for this

How does impairing the economics of offshoring knowledge work impact Walmart goods pricing?

The upside, in theory, should be more money flowing around