I am sure no one will call this Princeton professor crazy, because he has said that ALL accountants in UK could be out of jobs by next generation. A well respected US economics professor, Alan Blinder is on the view that many traditional professions like lawyers, accountants and journalists could go outsourcing way and the employees from these industries may find their career over much before than the stipulated time. Blame it to the globalized economy and basics of outsourcing which will invariably get its work done more cheaply in far off countries.
In an interview with Daily Telegraph professor said,
Lawyers involved in family disputes, and criminal lawyers - they've got to stay around. But lawyers that write contracts, and lots of accountants; maybe that kind of education is not such a fabulous idea. Educating people to go into what I call the personal services is a good idea - some of which don't require all that much education - so electricians, carpenters, plumbers, roofers - skilled trades.
'This is a very new thought for the highly-educated, white-collar class to think that they may have to compete with low-wage foreign workers. Manufacturers have been doing that for generations. But accountants, lawyers, intellectuals?'
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