Don't be afraid of offshoring

At least that's what this article in Business Week says post a closer look at the workforce in India and China. Various statistics on: the employability of legions of college grads in both countries by MNCs, growth in talent pools, service jobs expected to be offshored in the next few years aim to convince that offshoring is a relatively small phenomenon in the scheme of total employment, and is likely to have limited impact on average employment and wages in mature economies.