Word: white-collar
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...save them-but the global economy has already grown so interconnected that bashing China and making a scapegoat out of India could wind up hurting the developed economies. Economists calculate that international trade adds about $1 trillion a year in benefits to the U.S. economy. Even the offshoring of white-collar jobs, despite the hardship it brings for laid-off workers, is a net gain for developed nations like the U.S. and Japan, as well as for the country where the jobs land. Every dollar of spending that U.S. companies transfer to India creates $1.46 in new wealth, according...
...stop-or at least delay-the changes that produce such suffering. Already, calls for protectionism are growing louder. In 2006, U.S. senators threatened to slap a 27.5% duty on all imports from China in retaliation for its undervalued currency. Other politicians, aiming at India, have called for limits on white-collar work moving overseas...
...women fighters are feral. "To be able to potentially break somebody's arm is pretty cool for me," says Jessica Pene, an Orange County, Calif., makeup artist by day who won her recent Fatal Femmes bout. The raucous Femmes crowd, an eclectic, testosterone-heavy mix of bachelor-party drunks, white-collar MMA fans and even a few young girls, ooohed every choke hold and kick to the face. Says James Jackson, an aerospace worker and MMA fan: "They're almost more brutal, more barbaric, than the guys...
...pastures on the Texas coast. In the nearly two years since Hurricane Katrina ravaged the city, the pace of exodus has accelerated, complicating New Orleans' halting recovery; according to the local business weekly CityBusiness, the metropolitan area has lost 12 of the 23 publicly traded companies headquartered here, taking white-collar jobs, corporate community support and sorely needed taxpayers with them - and threatening to leave the city even more dependent on a tourism-based economy than it was before the storm...
...dribbling out," says Peter Ricchiuti, a professor of economics at Tulane University. While many of the companies that made it through the storm could stand to benefit from the city's recovery, he says, Katrina may have hastened the loss of high-paying energy jobs. "We're losing the white-collar jobs and keeping the blue-collar jobs," he says. "We're becoming much more of a blue-collar oil industry...