Recessions will do that . . . unless you have some specific areas in mind?
"Recessions will do that . . . unless you have some specific areas in mind?"
You missed my point. Recessions usually affect many segments of the labor market and many industries, impacting most of the population. In contrast, the outsourcing we are seeing to India affects the high-tech sector almost exclusively. This concentrates the loss of jobs and technology in a much smaller segment, making it more difficult for those people to find jobs, whereas people not employed in those areas will not be affected much by this narrowly-focused impact.
Therefore, 2% doesn't seem like much unless it's concentrated in a small area. Then it has a much bigger impact.