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The other megatrend of our age, the rise of emerging markets, will also continue to put pressure on U.S. wages. According to Goldman Sachs, more than 70 million people in developing countries become middle-class consumers each year. That's great for us in some ways, because it means they'll have money to buy goods made by companies in the rich world. But it also means they'll have the skills necessary to do our jobs. A lot of Wall Street data crunching, for example, is now done in India, and the number of high-end strategy jobs in fields like consulting is increasing there too.
Mor Grendel
If only I had an enemy bigger than my apathy.
Makes sense. Which is why it is so important to improve our education (and get people to finish college as well). We must be smarter and better qualified, otherwise our jobs will continue to go to the outside. There is no doubt about that in my mind.
