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And we are about to import another 30 million + of them.

Yes, that is absolute madness. Of course, many new low wage jobs are opening up because employers are limiting hours to deal with Obamacare. So where you used to have one employee, you may now have 1.5 or 2 employees.

The other thing is that it takes increasingly fewer people to make stuff. This is independent of offshoring as its is being caused by Artificial Intelligence (AI) and automation. A few years ago, we saw the state of AI with Watson beating human contestants on “Jeopardy”. And those were the elite contestants. That technology is being applied to the medical field and customer service. Cars are now able to drive themselves (see the Google Car). And AI will continue to get exponentially more capable in the coming decades. Many college graduates with “knowledge” jobs will find themselves out of a job. The rise of 3D printing will also eliminate a lot of manufacturing jobs. If you want a secure job, pick something that involves working with your brain or hands that is difficult to automate (e.g., plumber, electrician, hairdresser, etc). But there are only so many jobs in that category.

Another factor driving policy is that companies just want a population to BUY THEIR STUFF. And, at the end of the day, they couldn’t care less, if the $$ people spend comes from legitimate work or welfare. In the end, public assistance is a subsidy to retail (Walmart), consumer products (Proctor and Gamble), and healthcare companies, etc. If you look at things from that perspective, a lot of the madness starts to make more sense.

If you want to know what the future will be like, read a book called “Player Piano” by Kurt Vonnegut. It was written back in the 1950s, but it increasingly looks like Kurt got it right.