Three Big Points on Outsourcing.

Fighting back on outsourcing
Bruce Bartlett

Of course, it is absurd that almost half of Americans should fear outsourcing. The vast majority of jobs can never be outsourced, because they require physical contact, close proximity to markets, and other factors. Nevertheless, fears of outsourcing can be potent politically if many people think that they are next, however remote that possibility may be.
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A new report from the Commerce Department shows that the U.S. runs a large trade surplus in information technology (IT) services. This is precisely the area where most of the job loss from outsourcing is supposed to be taking place.
In 2002, the U.S. exported $3 billion worth of computer and data processing services and $2.4 billion in database and other information services, while importing just $1 billion of the former and $200 million of the latter.
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It's important to recognize that these new jobs are almost entirely outside IT. According to Global Insight, the largest beneficiary is construction, which will gain 75,757 net new jobs due to outsourcing. Other industrial gainers are transportation and utilities (63,513), education and health services (47,260), and wholesale trade (43,359).

The most important thing Bartlett does here is list the industries that are growing. If you're out of a job, figure out a way to sell your services to somebody in those fields. Or, if you've got money, invest in them.

And you should see the nice things Marx says about global commerce (link below). Of course, he thought (sans evidence, like a true continental rationalist) it was a transition stage to something else. He may be right, but didn't prove any need to hurry.