Free Trade, Off-Shoring, and Immigration

As the Trends editors have explained on many occasions, the largest threat facing the United States is a shortage of employees with the right skills to fully exploit our competitive advantage. To minimize the coming crisis, we have to maximize workforce participation by aging Boomers and maximize the training and development of Xers and Millennials. However, this still won’t be enough to keep the United States at the forefront of the global economy. To do that, we’ll have to continue to recruit immigrants and off-shore talent aggressively. The current haphazard management of these resources has a real downside. But, slamming the door on desperately needed talent has far greater negative implications. What can we expect? We’ll provide some important insights.

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