Tom Friedman brings up one point which none of the anti-outsourcing people talk about
The second group of boomers barreling down the highway are the young people in India, China and Eastern Europe, who in this increasingly flat world will be able to compete with your kids and mine more directly than ever for high-value-added jobs. Attention Wal-Mart shoppers: The Chinese and the Indians are not racing us to the bottom. They are racing us to the top. Young Indian and Chinese entrepreneurs are not content just to build our designs. They aspire to design the next wave of innovations and dominate those markets. Good jobs are being outsourced to them not simply because they’ll work for less, but because they are better educated in the math and science skills required for 21st-century work.
When was the last time you met a 12-year-old who told you he or she wanted to grow up to be an engineer? When Bill Gates goes to China, students hang from the rafters and scalp tickets to hear him speak. In China, Bill Gates is Britney Spears. In America, Britney Spears is Britney Spears. We need a Bill Cosby-like president to tell all parents the truth: throw out your kid’s idiotic video game, shut off the TV and get Johnny and Suzy to work, because there is a storm coming their way. [number is reducing. The bright minds + VC money created employment for many, but may not be in the future.