New York – the new Venice?
By Niall Ferguson, Sunday Telegraph
Last Updated: 12:01am BST 13/05/2007
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Looking closely at which activities are most vulnerable as Asian competition ascends the value chain from manufacturing into services, Blinder estimates that “somewhere between 22 per cent and 29 per cent of all US jobs are or will be potentially offshorable within a decade or two”. That could be one in four jobs.
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Not a good omen for the future.
Reinke Faces Life 