In Who Wins and Who Loses as Jobs Move Overseas? By ERIKA KINETZ, she presents a roundtable convened to discuss how job migration is changing the landscape. Among the participants: Diana Farrell, the director of the McKinsey Global Institute, which is McKinsey & Company's internal economics research group, who said:

This is a big deal in the sense that we see something structural happening. But I would react to the notion that it is a big deal we should try to stop or recognize as anything other than the economic process of change. I think the bigger deal is the fact that we are going to have very serious curtailment of the working age population.

and

There is an assumption by protectionists that these jobs are going somewhere else, and all this money has been pocketed by C.E.O.'s who take it home. A little more sophisticated version is: It's being pocketed by companies in the form of profits. One step further and you say those profits are either going to go as returns to the investors in those companies, or they're going to go into new investment by those companies. Those savings enable me, if I am an investor, to consume more and therefore contribute to job recreation, and if I am a company, to re-invest and create jobs. That's important because I agree that we are migrating jobs away, some of which will never return, nor should they.

Josh Bivens, an economist with the Economic Policy Institute, a nonprofit research group in Washington that receives a third of its financing from labor unions, who said,

The best research on what happens to people displaced from manufacturing is that they eventually find a new job, but they take an average wage cut of 13 to 14 percent. The people who are hit hardest are older workers....

Stephen S. Roach, managing director and chief economist of Morgan Stanley, who said,

In the future there are two roads. One is to look backward and hang on to what we think we're entitled to. The other is to recognize what has made America. Our virtues lie in a flexible and open, technology friendly, risk-taking, entrepreneurial, market-driven system. This is exactly the same type of challenge farmers went through in the late 1800's, sweatshop workers went through in the early 1900's, and manufacturing workers did in the first half of the 80's. We've got to focus on setting in motion a debate that pushes us into new sources of job creation rather than bemoaning the loss. There are Republicans and Democrats alike who are involved in this protectionist backlash. They're very vocal right now, and they need to be challenged.