Paul Krugman has an especially interesting article today. He argues that we are losing the ability to meaningfully employ a middle class. Offshoring is now moving complex as well as simple jobs to lower paying countries. He cites the case where complex legal work is now being sent overseas because a computer can do just as good a job of scanning legal documents as many college-educated lawyers can. Even computer work, itself, such as chip design, is being done by computers, rather than college-educated engineers.
Krugman's solution? A stronger labor force.
Krugman's solution? A stronger labor force.
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