China and India trained more than 480,000 engineers in 2003. Is there no limit to the number of American jobs that will move there? Actually, there is. The McKinsey Global Institute, research arm of the consulting firm, spent a year trying to find the "theoretical maximum" number of jobs that could move offshore from the U.S. and Europe. Its conclusion: 11% of 1.46 billion global-services jobs could be performed remotely, but only 4.1 million of those jobs will actually move offshore by 2008. One big reason: after interviewing dozens of hiring managers in China, India and elsewhere, McKinsey found that only...
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