Those afflicted with an irrational phobia about international trade used to confine their raving to manufactured goods, not services. But the United States is now said to be exporting high-paying service jobs to India, particularly in information technology.
Worrying about U.S. companies importing services from India is a classic example of the journalistic inclination to ignore the forest and focus on a few twigs. The United States is by far the world's biggest exporter of services, just as the United States is by far the leading exporter of goods.
The United States accounted for 18.1 percent of worldwide service exports in 2001, according to the WTO, up from 17 percent in 1990. India accounts for only 1.4 percent of world service exports. India is in 21st place among world exporters of services and in 30th place for goods. India is running a trade deficit of about $8 billion, and that country's imports rose 20 percent in 2003. China ranks fifth among world exporters of goods (although China accounts for 11 percent of U.S. imported goods), and it has a small and dwindling trade surplus. China's imports rose 40 percent in 2003. Hong Kong is a significant exporter of services, but it has a trade deficit with the United States.
The United States had a $64.8 billion trade BEG ITAL) surplus in services in 2002, despite economic stagnation in Europe and Japan. Services accounted for 30 percent of all U.S. exports and 43 percent ($3.1 billion) of U.S. exports to India.
Worrying about job changes among computer professionals is yet another example of the journalistic inclination to totally ignore any facts about the big picture and instead generalize from small and local anecdotes.
The Bureau of Labor Statistics categorizes these allegedly vanishing jobs among "computer and mathematical science occupations" -- i.e., computer programmers, software engineers, systems analysts, support specialists, network administrators, etc. These jobs exploded with the tech boom, rising 11.9 percent in 2000 alone, but such panicky hoarding of computer geeks was no more sustainable than 5,000 on NASDAQ. Even in 2002, however, employment in these computer-related occupations was nonetheless higher than in 1999, and so were salaries.