Where Did the Jobs Go?

There’s a fierce debate over whether college is a worthwhile investment, given the high level of student debt. Still, there’s no question that, statistically speaking, college graduates earn more and are less likely to be unemployed than those without a degree.

The real myth is that being better educated automatically makes your job safer in today’s economy. Technology and globalization mean some kinds of high-level professional work can be done anywhere in the world. A study by the National Academies reported that Australian radiologists already read MRIs of American patients, Costa Rican accountants help prepare the tax returns of U.S. businesses, and big companies like GE do much of their R&D overseas.

Another from our 12 Myths About the Jobs Crisis slideshow.