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Saturday, May 01, 2004

Crunching Monster's Numbers Via FC

For Jeff Taylor, founder and chairman of Monster.com and a longtime observer of the employment tea leaves, the hot-button issue of jobs moving abroad ignores what he thinks is a cold, hard fact: The biggest job-related challenge in this country is likely to be too many jobs, not too few. This Web Exclusive offers Taylor's argument on why the aging of the baby boomers means dynamism, not depression, for job seekers Jeff Taylor writes,"If you look at the momentum of innovation and labor together, the US has gone from a manufacturing society where 75% of jobs were in agriculture and manufacturing to only 15%. Now the US has 70% of jobs in service. It's a complete transition from hard goods to information. If you look at the impact that globalization of labor has had on manufacturing, it's been a 20-year transition. Between 5 and 6 million jobs have gone to China, but the U.S. economy has gracefully changed what it does -- and its role -- by moving to more service-oriented business.simple math is that the US shall be still 10 million people short after outsourcing and job loss by 2008. Very interesting..

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld