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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (238896)	6/27/2005 10:27:34 AM
From: TigerPaw	Read Replies (1) \| Respond to of 1573573

The US started outsourcing manufacturing jobs roughly 20 years ago. At the time, predictions were equally as gloomy. That period tracks the increasing debt and trade deficits. You can live well off credit cards for a while, so long as someone is willing to let you make the minimum payment. Products are cheaper and pay for Americans is better. Durable products are cheaper, but not so for consumables. Also pay for Americans is going down. Those layed off from well paying manufacturing jobs pick up beginner's wages in whatever job they can find. Its a process that will go on unabated until eventually there is more economic equality among the nations of the world. It's a policy of increasing stratificaion as the masses find a common equality of the lowest wage, while those who own the assets gain vast wealth. TP