I have made a good living FIXING software that had been previously outsourced to India
The transformation will be complete when the ChiComs buy Disney - using our $$.
/johnny
Wealth-producers in the US face the highest corporate tax rates, the most byzantine and arbitrary regulatory burden and the most pernicious legal vulnerabilities found in any country on earth.
See for instance: Burger King, Gibsons Guitars, the water industry in California or coal mining anywhere.
American wealth-producers also have to compete with Government arbitrarily interfering in the market, picking winners and losers. I'm thinking here of General Motors and Solyndra.
The solution is less government and less regulatory overburden.
The Republicans have no interest in fixing this.
The reality here is that the U.S. has slowly been diminishing on the world stage as an economic power. Our own internal decline is only a small part of the problem. The bigger issue is that there are a lot more people living outside the U.S. than inside the U.S. (96% of the world's consumers are not Americans), and as time goes on these other countries pay less and less attention to the U.S. as a market anyway.
I'm not sure what the answer is, but I don't think there's a way out of this that anyone in the U.S. is going to like.
Last week we had a freak microburst storm that tore my flag pole out of the ground and bent it up. So I went to Lowe's to buy a new one. On the box in big letters it read Flag Made In America. I should have known better. When I got home and assembled the pole and installed it in the ground, I noticed, in fine print on the back of the box, Made In China.
At least our nation's flag was manufactured in the right country.
It took over a year and a half but I found a job that paid 1/3 as much and that I liked 3 times as much.
A little fact that our “leaders” in D.C. don’t want you to know:
Average annual salary of each job lost in the 2007-09 recession (which is still continuing in much of the country): $70,000
Average annual salary of each “new job” created since the recession: $30,000
Thousands of good jobs were swept away when the market tanked, and (predictably) many of them were moved overseas. Reduction of labor costs is one reason that a lot of companies have done very well since the recession. Much leaner workforce, and if you can save major bucks on high-cost functions like IT (by shipping it overseas, or importing lower-cost labor), the bottom line will look that much better.
Where I worked, we used to have a joke posted on the walls about this.
The last statement in the joke was, “If you are near death,it is your responsibility to train your replacement before you ‘kick off’”.
It is interesting to me that the Conservatives in the UK won in large part by promising to hold a referendum on whether or not to exit from the European Union. Yet on Fox everything BUT this is being credited for the win. Plain and simple fact is, most people don’t want to be economically sold down the river.
Huge bump to this article.
America we need to build America back up. We need to bring back jobs right here, and stop selling off everything.
I’m completely serious.