US economist predicts accounting jobs to head offshore
Renowned guru warns jobs will head offshore to China and India
Accounting roles in developed countries could become obsolete one day,
according to renowned Princeton
University economics professor
Alan Blinder.
Speaking
in the UK, Blinder revealed a list of hundreds of occupations which
he thinks could be obsolete in developed countries over the next generation –
including accountants.
According to Blinder, accountants, lawyers, derivatives traders and teachers
could, thanks to globalisation and improved communications technology, just as
easily be done more cheaply in places such as India and China.
Blinder predicts that between 30 million and 40 million US jobs could go
within the next generation.
Further reading:
Indian staff already doing Pru accounting work