« More Snow in the Rodin Garden | Main | Note to "Publius": In 2011, resolve to grow a pair and use your real name on the Internet. »

December 28, 2010

New American Normal: It's about fewer jobs here.

Other players in the new global markets are catching up fast. Yanks can and should get used to it--and adapt like the resilient commercial animals we are. See "Many U.S. Companies Are Hiring....Overseas" by the AP's Pallavi Gogoi. Excerpt:

Other economists, like Columbia University's Sachs, say multinational corporations have no choice, especially now that the quality of the global work force has improved. Sachs points out that the U.S. is falling in most global rankings for higher education while others are rising.

"We are not fulfilling the educational needs of our young people," says Sachs. "In a globalized world, there are serious consequences to that."

Posted by JD Hull at December 28, 2010 11:06 PM

Comments

I just read a post yesterday about how Americans are getting more PhDs than ever. How are we falling behind in rankings for global education? This doesn't make any sense at all. What makes better sense is that labor in other countries is getting better educated, but is still much cheaper than American labor.

Posted by: Joe at December 28, 2010 02:41 PM

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?