The 2nd Wave of Job Offshoring
It’s not just manufacturing jobs:
“15 years after U.S. and European multinationals started shipping large numbers of manufacturing jobs overseas, experts are saying that the ‘second wave’ of offshoring is at handâ€”and it promises to be bigger and more disruptive to the U.S. and European job markets than the first. In the years ahead, sizable numbers of skilled, reasonably well-educated middle-income workers in service-sector jobs long considered safe from foreign tradeâ€”accounting, law, financial and risk management, health care and information technology, to name a fewâ€”could be facing layoffs or serious wage pressure as developing nations perform increasingly sophisticated offshore work. The shift portends a dramatic realignment of wealth over the next couple of generationsâ€”valued by the U.S. consultancy McKinsey Co. at ‘hundreds of billions of dollars.'”
Can lean processes or “lean consumption” help save other jobs?
On this topic, I can’t recommend this book strongly enough: