The main reason why I think it isn't a major problem is that we don't have a pool of jobs that we lose and don't get back. The national and world economies are more dynamic than that. In many cases offshoring can actually create American jobs relatively directly by boosting the competitiveness of American companies, and there can be positive (as well as negative) indirect effects as well.
Nonsense. To date, most of what we have lost on is manufacturing. Employment in the manufacturing sector of the USA is lower, not higher, and that is in absolute terms, not even adjusted for a % of the GDP. That should be a clue as to what can happen to other industries. Why do you think the West, including the USA, resists so strongly the reduction of Ag subsides? Hint: Offshoring food production is not politically touchable.
We are relatively speaking, only at the beginning of the shift in services, with things like call centers having lead the way. It is a shift in professional services such as engineering design, patent applications, legal, civil engineering, etc, which is just getting under way. At some point, people will wake up and realise that Indians and Chinese, OMG, can actually make good CEOs as well, and heck, the company might as well have its headquarters in Mombay rather than New York. |
