There's an interesting Slate article discussing the fact that while China has us basically beat in the manufacturing sector (it's hard to justify paying more than you have to for essentially unskilled labor), we've still got decades on them in the sales, marketing, advertising, and financial sectors.
There are plenty of things Americans can do which will create great growth and stem the "flow" of jobs to other countries, it's just that they all require a certain amount of education, discipline, organization, motivation, and responsibility. There isn't any reason why the outflow of manufacturing jobs should hurt us at all: we should be poised to take over their middle and upper management structures. But for some reason we aren't, for reasons I've discussed earlier this month.
Posted by ryan at September 22, 2005 10:19 PM | TrackBackHave you read Friedman's _The World is Flat_? I recommend it.
Posted by: nick at September 22, 2005 11:18 PM