Career Choice In The Age of Outsourcing
American students are now being confronted with a critical new question: how to "outsource-proof" one's choice of college major and career path? The global market is forcing a redistribution of wealth from formerly wealthy nations like the United States and those in the European Union to those traditionally poor countries with ever increasing numbers of well-educated citizens, like India and China. Many jobs that have traditionally gone to local American workers can now, in the Information Age, be done for a small fraction of the cost by skilled workers and technicians overseas. As the outsourcing boom born of the internet miracle continues to expand, and the economic playing field worldwide levels out in the face of competition from workers and professionals in other nations able to provide needed services for far less money, salaries in the U.S. and E.U. will likely decline over the next few decades compared to those in other countries. For the foreseeable future, Am...