Jan 15, 2012

Decline in Tradable Jobs

The Council of Foreign Relations released a study, "The Evolving Structure of the American Economy and the Employment Challenge."  From 1990 to 2008 all of US job growth was in non-tradable jobs. Non Tradable jobs are those that service the local economy like construction, health care, and government. The jobs where all countries can compete like manufacturing for exports have declined in the United States.

Below is the total job growth from 1990-2008, separated into jobs that can be traded, i.e. offshore outsourced and those which cannot.