Employment in Silicon Valley falls

A story in the LA Times reported that employment in the region surrounding San Jose dropped 1.3% late last year. The key reason cited is the lack of "enough skilled workers needed to drive the next decade's innovation". This specific issue is addressed as one of the 5 key drivers of globalization in chapter two of Bob's book. Bob states; "An interesting trend that was witnessed this year at the Indian School of Business was that a number of students have chosen to opt for domestic offers over international offers." International companies are also pushing hard to recruit American students for jobs overseas. This trend will have a significant impact on the future of offshoring.