Found this at MR. The article notes that the job loss has less to do with outsourcing and more to do with increased productivity and technologically-biased changes taking place. The author writes:
"History has shown time and again that jobs follow growth, but not necessarily in a simple, linear fashion. America has a dynamic, fast-changing economy that embodies Joseph A. Schumpeter's ideal of creative destruction. We are now experiencing the maximum pain from the wreckage of outmoded jobs while still awaiting the innovations that will generate the work of the future. While America's faith in its innovation economy has often been tested, it has never been betrayed. Given the chance, the economy will deliver the jobs and prosperity that it has in the past."Posted by scott at March 15, 2004 03:16 PM | TrackBack