In a book review in today's (12/24/08) Wall St. Journal we find this
remark:
"Examining data on changes in the US work force, the authors show that
job losses due to higher productivity -- often the result of improving
technology -- greatly outnumber those lost to globalization. The
authors cite Commerce Department figures estimating that 65% of job
losses in manufacturing between 2000 and 2006 were due to productivity
increases; just 35% of job losses owed to overseas outsourcing."
I read this skeptically since the thrust of the authors is evident in
the title of the book: GLOBALIZATION: THE IRRATIONAL FEAR THAT
SOMEONE IN CHINA WILL TAKE YOUR JOB.
An interesting claim, nevertheless.
Gene
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