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Virtual assistants are booming in the Philippines. Many entre | Business Insider

Virtual assistants are booming in the Philippines.

Many entrepreneurs in Western countries are outsourcing tasks to workers in such developing countries, where the lower cost of labor allows them to pay pennies on the dollar compared with what they'd pay for a local assistant.

But while these entrepreneurs are reaping the benefits of inexpensive VAs to jump-start their businesses, many of the people whose skills they're profiting from are struggling to get by. Read the full story here.

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(Photo credit: Stephen Swintek/Getty Images; Alyssa Powell/Insider)