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What Happens When Your Job Is Taken By Someone in India or China?

If you’re a white-collar professional and your job has been sent to India or China, what are your prospects today?

Not all that good. A recent study by McKinsey Global Institute found that only 36% of Americans displaced in the past two decades found jobs at the same or higher pay. The pay of one of every four displaced professionals fell by 30% or more. With offshoring increasing dramatically, those numbers will likely worsen.

In fact, a recent study by researchers at the University of California at Berkeley suggested one scenario in which displaced high-tech workers could find themselves entering a prolonged period of unemployment before being absorbed in service jobs that significant cuts in pay.

There’s a terrific story on “The Rise of India” on the cover of this week’s Business Week, which takes a more positive view of the trend and what it means for America.

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