[jveritas]

The whole thread is about outsourcing and how some people claim that it is destroying our economy and putting a lot of people out of work. Stating the most important fact that the unemployment rate of 4.8% just annihilates this argument once and for all.

[gogoman]

The whole thread is about outsourcing and how some people claim that it is destroying our economy and putting a lot of people out of work. Stating the most important fact that the unemployment rate of 4.8% just annihilates this argument once and for all.

No, it does not. There is a difference between your current employment at Wal-mart and your former employment as a technician at a semiconductor plant. Anyone can get a job a Wal-mart, but you have to be trained and certified to be a technician at a semiconductor plant. That amount of training gone down the drain is a COST on society that is not accounted for by simple unemployment rates. Hence it's not as simple as you make it appear.