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September 30, 2003

Exporting Jobs

As reported on CNBC a new study by Forrester Research Inc. predicts that 3.3 million jobs will be move overseas, predominantly to India, by 2015. The sectors exporting jobs will include Computer Programming and Support (472,632 positions), Business (348,028), Management (288,281), and Office (1,659,310). Forrester predicts that as the trend grows, increasingly complex and knowledge based positions, traditionally safe from export, will be vulnerable for moving overseas. They do offer some advise for hot jobs for the short run, mostly the service sectors, and within services the financial service sector looks to be hiring most aggressively. Other possible hot jobs include health care, real estate, and security. Ironicall the Bureau of Labor Statistics predicts that from 2000 to 2010 software engineering, computer support and systems administartion will add about 1 million jobs to the economy. 

The question then is how to we create more jobs domestically to replace those being exported?

It seems smaller community centric business’ tend to create and maintain jobs better than larger corporations. Local business’ also tend to provide more personalized services and understand their customers better. Large business’ can also do these things, and in fact hire far more individuals per company, but they tend to shed jobs faster and in general tend to contribute less to the local cummunity overall when examined on a per employee basis. So why have politicians and people in general courted large companies as much as they have instead of supporting local business’ more?

O’Reilly’s Andy Oram just yesterday published some interesting opinions and thoughts on the subject of falling employment. He also asked how can we reverse the trend, and offered some starting points for ideas.

Posted by Eric at September 30, 2003 05:01 PM | TrackBack
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