Saturday, November 13, 2010

Country Boundaries are Becoming Less Important

Knowledge workers are the new capitalists by Peter F. Drucker

knowledge workers are highly mobile within their specialism. They think nothing of moving from one university, one company or one country to another, as long as they stay within the same field of knowledge.
Money is as important to knowledge workers as to anybody else, but they do not accept it as the ultimate yardstick, nor do they consider money as a substitute for professional performance and achievement. In sharp contrast to yesterday's workers, to whom a job was first of all a living, most knowledge workers see their job as a life.

I agree with Drucker. Singapore, Shanghi, Rio De Janeiro, Stockholm, Hong Kong, Berlin, Tokyo, Paris... and many more are going to be destinations for those that grow up in the USA. The numbers of people moving out of the USA in the next 30 years for jobs in the top 10% of the income bracke,t will be many multiples of what it was in teh last 30 in my opinion.

The USA has great advantages. China and Inida do too. But so do many other locations. The USA probably has more ability to absorb mistakes and I still feel it is the best situated, but the gap is much much smaller than it was 30 years ago.

Related: USA Losing Brain Drain Benefits - Long Term Economic Growth - Technology Centers of Excellent and Economic Growth - Keeping Out Technology Workers is not a Good Economic Strategy

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