According to Randstad, only 40
percent of employees feel that morale is good at their workplace

Think about the last time you were in a bad morale situation at work (for
60% percent of you, that’s right now). How good was your performance?
How good a job do you do when you’re not happy with what you’re
doing or who you’re doing it for?

I’ll answer for you. You do a mediocre job at best. Most likely, you
do a poor job.

If I want someone to do a mediocre job, I’m going to look for the
cheapest available option. In programming terms, that means low hourly
rate. In today’s environment, low hourly rate means India, China, the
Phillipines or some other "low cost country".

Is our morale low because we’re being squeezed for more work at lower
wages and because we’re constantly facing the threat of being
offshored? Or are we constantly facing the threat of being offshored
because our morale is low, and we are doing, collectively, a
mediocre job?