Hal Varian's Economics Scene column in the NY Times discusses the rise of the micro-multinational.
But offshore work means something quite different to the micro-multinationals. These companies simply would not exist without access to foreign labor. If they succeed, they will certainly hire more American workers as they grow.
The internationalization of small and medium-size enterprises has got to be a big plus for the American economy. It allows the small players to have access to labor markets that only the big boys could afford a few years ago.
It's already happening, and it's becoming more important, even (or should I say especially) in smaller cities where high tech job growth is bound to be on a micro scale.
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