To be internationally competitive, the shrinking labor force will need to transform itself from low-cost to high-skill.

为了具备国际竞争力，缩水中的劳动力必须完成从低成本到高技能的转型。

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Job losses have been “far more severe in middle-skilled white- and blue-collar jobs than in either high-skill, white-collar jobs or in low-skill service occupations.”

“失业对于中等技术水平的白领或蓝领职业的影响要大于高技术的白领职业或低技能的蓝领职业”。

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As companies like Rolls-Royce, an engineering firm, GSK, a drugs giant, and ARM, a chipmaker, demonstrate, British companies can prosper in high-skill, high-value industries.

工程公司劳斯莱斯，制药巨头gsk和芯片制造商arm公司向世界证明了英国公司能够在高技术，高附加值行业获得成功。

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There is, by the way, a possible out from this argument in the case of high-skill immigrants.

FORBES: A Question for Paul Krugman

Similarly, why do we see such concentration of high-skill industries in high-cost cities?

FORBES: Density Limits Are Urban Protectionism

As an example, the authors note that most high-skill jobs require only a high-school education in conjunction with on-the-job training.

FORBES: Manufacturing Jobs Changing But No Severe Job Skills Gap In USA