The Move to the Global Workforce

And that is exactly what is happening. That is what I told the US Dept. of Labor in a presentation this past Monday and the Governor's Ohio Workforce Policy Board two weeks earlier.

Read this summary of a recent Business Week article...

Below the boiling political rhetoric, a real threat America's workers face is the potential for U.S. wages to sink to overseas levels. Americans have become increasingly worried over the past year about the lack of job growth in an otherwise strong economy, amid fears that the "offshoring" of white-collar work is a key culprit. This has helped make jobs -- those sent overseas and those not created at home -- one of the hottest issues in the 2004 Presidential campaign.

That's why the spread of global labor competition to the top of the skill ladder could be so significant. The ability of U.S. companies to find architects, engineers, programmers, and financial analysts in places like India for a fraction of what they cost at home almost certainly will create a dampening effect, sooner or later, on the pay of the 80% of U.S. employees who until now have been unaffected by such global job competition. "White-collar offshoring will make the wage outlook worse for high-skilled Americans, no question," says Brookings Institution economist William T. Dickens.

Will somebody please tell me why I should feel good about offshoring? Here to read more.