More Panic on Outsourcing

Yet another tale of panic over outsourcing.

In case you’ve been worrying about how the war in Iraq will end, or the coming of avian flu, or the extinction of the universe as we drift into the cosmic void, well, relax. Here’s something you should really fret about: the future of the U.S. economy in the age of globalization.

In the new global order, Alan Blinder, noted mainstream economist, writes, not just manufacturing jobs but a large number of service jobs will be performed in cheaper climes. Indeed, only hands-on or face-to-face services look safe. “Janitors and crane operators are probably immune to foreign competition,” Blinder writes, “accountants and computer programmers are not.”

Source: Washington Post.

I think Harold Meyerson should be more concerned about the effects of open source software on American economy, but that’s me.