Mises Wire

Labor Costs Affecting Management Positions Too

Labor Costs Affecting Management Positions Too

Increasing Export of White-Collar Jobs a Cause for Concern (USAToday): “White-collar employees have long believed their jobs were safe from the economic forces that have shifted millions of factory jobs to foreign countries in the past 30 years. Not anymore. It’s not just clothing and electronics being made by workers in India and China and similar places. Now, it’s office and professional jobs that are being shipped out -- raising the specter that skilled white-collar workers could face the same devastating job losses that decimated the manufacturing industry. Already call-center jobs have been affected, including jobs in Utah. Convergys Corp. a week ago confirmed plans to move at least 100 technical support jobs at its Taylorsville call center to an overseas center. Almost any professional job that can be done long-distance is suddenly up for grabs. Jobs done by financial analysts, architectural drafters, telemarketers, accountants, claims adjusters, home loan processors and others at higher levels of the labor food chain are being farmed out to workers in other countries.”

 

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