Let’s hold the phone a bit on overseas job outsourcing — and logistics parks

It appears that rising wages and global logistics snafus will put a damper in outsourcing jobs in general, and specifically overseas.

And this is true for Japanese and European companies, not just American ones.

Combine that with what I estimate as a 1-in-10 chance of $100/bbl oil by the end of 2010, and you have another reason to wonder whether all these logistics hub business parks, such as the ones slated for my former hometown of Lancaster, Texas, will actually ever get built out to anywhere near capacity.