Final answer:
Outsourced projects are indeed often about reduced costs, not just accessing the best talent. Cost reduction has been a primary reason for outsourcing, affecting both blue-collar and white-collar job availability in developed countries.
Step-by-step explanation:
False. Outsourced projects are often about reduced costs as well as accessing talent. While it is true that accessing the best talent available is a reason for outsourcing, cost reduction has historically been a primary driver behind the practice.
Outsourcing began as a strategy primarily for manufacturing but has evolved to include a wide range of services, including customer support and technical jobs. This has been driven in part by the availability of technically skilled workers in other countries, where labor costs can be much lower. As such, outsourcing and offshoring have led to significant changes in labor demand and have contributed to structural unemployment in developed nations.
Despite the accessibility of global talent, many companies pursue outsourcing to capitalize on more cost-effective labor markets abroad. This can result in the loss of both blue-collar and white-collar jobs in the originating country, as well as a consolidation of supervisory and managerial positions within companies to further reduce expenses.