Job creation: easier said than done

SFGate.com

Bottom Line - Andrew S. Ross

In a nutshell, the rise of emerging economies, such as China, has forever upset what the United States and the West thought was the permanent order of things. For example, middle-income manufacturing jobs, even in growth sectors such as high tech and pharmaceuticals, once the "exclusive purview" of the West, are shifting away dramatically. The shift constitutes "a permanent, irreversible change."

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