Mercurial

Are high paying jobs going overseas? This article on the new Global Job Shift, is simply showing that, despite the relative advantage of the USA and Europe in the past years, all knowledge is simply a commodity that ends up being traded at the best price:

The truth is, the rise of the global knowledge industry is so recent that most economists haven't begun to fathom the implications. For developing nations, the big beneficiaries will be those offering the speediest and cheapest telecom links, investor-friendly policies, and ample college grads. In the West, it's far less clear who will be the big winners and losers. But we'll soon find out.

Not so drastic, and not so dramatic either. The USA has a competitive advantage in its culture, social mobility, high work ethic, and freedom of speech.
All of those contribute to an environment where assumptions can be challenged and useless traditions can be debunked by anyone. Not so in other places.
And it is clear that overpaid posts end up disappearing, salaries and compensation falling down to more realistic levels. However, this also implies that the jobs less in danger of going overseas are those that have a heavy component of personal interaction: The sales representative, the physician, the consultant that walks the company floor and talks to the people. Following Vernon, it will also estimulate innovation, once the standardized processes are transferred outside the country.
That is why it makes sense to work in what you love.