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As demand for high-tech workers in India and China surges, the low-wage advantage in those countries would disappear. He says Americans were worried in the 1950s and 1960s about the loss of jobs to highly educated, lower-paid Japanese, but as demand for those Japanese workers climbed, "Japanese wage rates just took off.
So it's not as though Chinese and Indian software engineers are always going to be at a very significant differential. Eventually the gap will close."
Moreover, supporters note, free trade works both ways. Just as U.S. companies see advantages in moving jobs abroad, foreign companies are increasingly seeing benefits in setting up operations and creating jobs in the U.S
Middle-income Americans are falling far short of fulfilling their dreams. Why? They've allowed others to control their destinies. They've left their jobs and career security to chance. They've failed to take control of their lives and to live their dreams. Since they didn't, someone else did.
It's time for Middle-income Americans to manage their own job and career security, to seek out the opportunities that surround change, to develop new skills, and to prepare themselves for industry upswings and downswings. By doing this, they enhance their employability and make their futures more secure."
The Battle Over Outsourcing
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