I know this is dynamic, but how much inflation will this generate...Savings and retirement I guess are going to be Scott Tissue...
We were just robbed....
I don’t know about that. If you look at how much work is being offshored, you can see that whole professions are going to be wiped out. The “displaced” will then compete for the remaining work, thus further devaluing American labor. Dump in the swarming illegal aliens and H1B’s and I think we’re going to hit a tipping point where American salaries begin to fall precipitously across the board. It will be hard to drive up prices when people are worried about trying to eat and stay warm. Of course the end result is the same: the American standard of living you and I have known is a thing of the past (at least for the masses).