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Issue:

Business

 

Written by:

Devin Z

 

Date added:

May 9, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

20 / 5385

 

Was viewed:

5855 times

 

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Essay content:

Sometimes a quantitative change is so large that it brings about qualitative changes, as offshoring likely will. We have so far barely seen the tip of the offshoring iceberg, the eventual dimensions of which may be staggering. To be sure, the furor over Mankiw's remark was grotesquely out of proportion to the current importance of offshoring, which is still largely a prospective phenomenon...
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Although there are no reliable national data, fragmentary studies indicate that well under a million service-sector jobs in the United States have been lost to offshoring to date. (A million seems impressive, but in the gigantic and rapidly churning U.S. labor market, a million jobs is less than two weeks' worth of normal gross job losses...
displayed 300 characters

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