November 17, 2004 1:20 PM

Offshoring accelerating
Posted by Douglas Eisenhartat 1:20 PM

A new report covered in today's Boston Globe says the number of jobs heading overseas may be higher than previously thought:

Groups such as the US Chamber of Commerce peg the number [of US jobs going overseas] at perhaps 200,000 jobs a year. But a new report commissioned by a bipartisan congressional commission said 406,000 US jobs will migrate overseas this year, double the conventional wisdom. This trend is expected to continue for several years as a greater variety of jobs are offshored, including to Latin America and the Caribbean.

--------