Keyword: outsourcing
Baby Dilemma (9/1/2005)
Low fertility among educated women threatens to lower the supply of high-skilled workers.
Global Labor Market (9/5/2005)
Labor is increasingly globally sourced due to aging populations and lagging labor productivity in developed countries.
Income Distribution (7/7/2006)
In the U. S., the top income group has been gaining relative to the rest of the population due to globalization, but the belief in upward mobility is still strong.
Just-in-time Labor Division (1/14/2006)
Low cost contract manufacturing, online coordination among far-flung service providers and Internet viral promotion have propelled many startups into overnight empires.
Moving Up by Staying Put (8/30/2001)
American companies are increasingly outsourcing back-office and software design work to highly skilled but lower-cost English-speaking foreign workers.
Niche Specialization (1/30/2007)
Niche comparative advantage in location proximity and fast response time could overcome the disadvantage of high wages in the garment industry.
Opportunities Pay (9/5/2005)
Job security of American workers whose opportunity costs are higher but whose labor productivity is no higher than foreign workers will be increasingly threatened by foreign competition.
The Truncated Job Ladder (9/5/2005)
The job ladder that has been truncated from the bottom and from the top means longer formal education to get to the bottom of the ladder and more limited promotion prospects once on the ladder.
Trade Surplus Trap (6/18/2010)
Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.