Wall Street Journal - October 20, 2003
Factory Employment Is Falling World-Wide Study of 20 Big Economies Finds 22 Million Jobs Lost; Even China Shows Decline
...and stated -
[hmm, this would suggest that the demon is not "globalization" and "offshoring"]
*******
Indeed.
But I wonder, is this the result perhaps of the 'over-capacity crisis' some observers have asserted or should we take seriously the "increased productivity gains" the article mentions.
DRM
__________________________________ Do you Yahoo!? Exclusive Video Premiere - Britney Spears http://launch.yahoo.com/promos/britneyspears/