U.K. to Lose 8 Million Jobs to Offshoring, Warns Economist
By: AFX
Millions of U.K. workers are "highly likely" to find their jobs obsolete well before the end of their working lives, as a consequence of offshoring, a leading economist warned in an interview in the Daily Telegraph.
Alan Blinder, former deputy chairman of the U.S. Federal Reserve, warned that almost 8 milion U.K. workers could become redundant within the next generation as their jobs are relocated to cheaper labor markets.
Some 40 million jobs in the U.S. -- a quarter of the workforce -- are also likely to go overseas.
Millions of U.K. workers are "highly likely" to find their jobs obsolete well before the end of their working lives, as a consequence of offshoring, a leading economist warned in an interview in the Daily Telegraph.
