[nopardons]

Wouldn't "globalization", the way you use the term, preclude such low unemployment figures? If not, why not?

[gogoman]

Wouldn't "globalization", the way you use the term, preclude such low unemployment figures? If not, why not?

No... People find new jobs after they've been outsourced... but their wages might be much lower than their previous jobs, and their new jobs might be a very poor match of their skills. Very small unemployment assistance and the high expense of buying health insurance on your own force a lot of middle class people to find another job (that may not fit them well) as soon as possible, hence the low unemployment rate even with globalization. But is this necessarily for the best? That's the debate. I mean for someone who has spent a dozen years training for a certain profession to be suddenly outsourced and forced to work for Wal-mart, is that good for society? What kind of message does that send to our youths?