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

To: TigerPaw who wrote (238951)	6/27/2005 3:15:09 PM
From: tejek	Read Replies (1) \| Respond to of 1573645

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. The increasing debt has little if anything to do with outsourcing. It has to do with being unwilling to live within one's means. The wealthiest state can outspend its income. What do you think congressional pork and all the special interest groups in DC have been doing all these years? As for the trade deficit, yes that has grown over the years but so has the value added from services we provide to other countries. That second statistic is harder to measure but when estimated and thrown into the mix, the US nets out zero most years. Products are cheaper and pay for Americans is better. Durable products are cheaper, but not so for consumables. Most consumables are produced here....that's why they tend to be more expensive. 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. I think that's been true the last few years but overall, I think the trend is up. 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. I agree with that but that has more to do with other issues like how a nation taxes its wealthiest members and how those tax resources are redistributed. In that, America is failing. ted