sing, roads, etc. Data on offshoring are not officially collected but the table below illustrates the scale of the effect on the US economy. Table 2.16. US estimated and projected job losses in all sectors due to offshoring Estimated jobs lost to date Projected job losses Estimated jobs potentially affected 300 000-995 000 3.3 million-6 million 14.1 million 300 000-500 000 (Goldman S Sachs) 3.3 million over 15 years (Forrester 14.1 million (UC Berkeley) Research) 400 000-500 00 (Business Week) 6 million over 10 years (Goldman Sachs) 995 000 (economy.com) Note: The total size of the US labour force is 140 million jobs. Source: OECD, "Potential offshoring of ICT-intensive occupations", Working Party on the Information Economy, STI/ICCP/IE (2004) 19/FINAL, 2005. The large variations in numbers illustrate the difficulties in measuring the phenomenon. And to put these numbers into context, it should be remembered that about 15 million US jobs are lost and created each year. Nevertheless, the INFRASTRUCTURE TO 2030: TELECOM, LAND TRANSPORT, WATER AND ELECTRICITY - ISBN 92-64-02398-4 © OECD 2006 2. TELECOMS INFRASTRUCTURE TO 2030 OECD estimates from analysis of occupational employment data that perhaps as much as 20% of total employment in the EU15, the US, Canada and Australia could be affected by the international sourcing of services activities. 71 Obviously the trend will only be maintained as long as skills are available at relatively low wage and other costs. As activities move offshore, wages will adjust and the offshoring process will slow down. This will stimulate the search for new locations for offshoring - for North America, countries in the Caribbean and South America provide opportunities, while for Europe the best prospects are in Eastern Europe but also possibly some African counties. 72 It is likely that we will see the emergence of a more complex Web of interrelationships, whereby countries become both sources and destinations for ICT business services. Canada is an example, buying services from low-co