I am very concerned about the American economy. I think it was obvious to most of us, who thought about it, that when jobs became a world commodity like bananas, the price would settle to the lowest value possible. With jobs leaking out of our country to other countries whose workers want significantly less, it's hard to see how America's people can sustain their rates of consumption, as they lose jobs, and have their wages eroded.
There are problems with outsourcing, but companies seem more than willing to put up with them. My husband's large company is trying to outsource more and more of its functions, with buildings in the US now becoming shells for management who manage the outsourcing. Eventually (and sooner, rather than later) the countries to whom all this technology is being outsourced, are going to make these items themselves, leapfrogging on the back of the excellent new technologies we have exported to them when we sent our own companies over there, with their new technologies. I really don't see this as much of a win going forward for the US. I liked the article posted earlier that suggested some steps to take going forward- because if we take no steps, we are going to be in serious trouble. |
