Search results for: Skills
Alan S. Blinder, World Economics, June 2009
Using detailed information on the nature of work done in over 800 US Bureau of Labor Statistics occupational codes, this paper ranks those occupations according to how easy/hard it is to offshore the work – either physically or electronically. Using this ranking, it is estimated that somewhere between 22% and 29% of all US jobs are or will be potentially offshorable within a decade or two. (No estimate is made of how many jobs will actually be offshored.) Since the rankings are subjective, two alternatives are presented – one is entirely objective, the other is an independent subjective ranking. In general, they corroborate the rankings, albeit not perfectly. It is found that there is little or no correlation between an occupation’s ‘offshorability’ and the skill level of its workers (as measured either by educational attainment or wages). However, it appears that, controlling for education, the most highly offshorable occupations were already paying significantly lower wages in 2004.
Ralph Turvey, World Economics, June 2001
Economic growth may involve change, but there can be change without
economic growth insofar as outputs of some products or employment in some
regions or industries grows while there are equal decreases elsewhere. National
accounts data do not reveal such shifts, yet they may involve investment and
disinvestment, require the acquisition of new skills and cause changes in the
location of economic activities. Some simple examples are provided,
demonstrating that the rate of growth and the pace of change are by no means
perfectly correlated. Hence separate measures of change are required if we are to
understand what is happening in the economy.
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