Sizing the emerging global labor market

The integration of global labor markets is tending to produce what amounts to a single market for jobs that can be performed remotely.

Today that global market is small. But as it grows, the demand for offshore labor from the developed world's companies will increasingly affect wage rates and employment levels in the developing world.

Offshoring is unlikely to create any sudden discontinuities in overall levels of employment and wages in developed countries.

Both companies and countries can take specific measures to help clear supply and demand more efficiently in this nascent global market.

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