[ARCADIA]

"They say that the stockholders benefit. But what are they going to do when the country has no jobs for educated workers? We can't compete with someone who's going to be paid a nickel to our dollar. No matter how smart, or how experienced you are, you can't compete with an educated worker overseas who wants to make can live on $2,500 a year," Antman said.

The issue is not about what anyone wants to make; but, what it actually cost to live in the US versus another country. Outsource or downgrade enough workers and the cost of living here, the value of real assets, will also have to come down. If that has yet to materialized it may be because many people are living at a standard which is beyond their means. We can ignore the impact for as long as we have a liberal supply of credit. However, the day we hit a credit limit, is when the extent of the damage will become painfully evident.

[junta]

credit limit bump

[A. Pole]

The issue is not about what anyone wants to make; but, what it actually cost to live in the US versus another country. Outsource or downgrade enough workers and the cost of living here, the value of real assets, will also have to come down. If that has yet to materialized it may be because many people are living at a standard which is beyond their means. We can ignore the impact for as long as we have a liberal supply of credit. However, the day we hit a credit limit, is when the extent of the damage will become painfully evident.

Hear, hear! This is how the "free" market correction will look.

[Sender]

It seems that outsourcing might work as intended if, by giving low-income people in third-world countries a better living standard, those people would then turn around and spend those new-found riches on American-made products, opening up new markets for us.

Even if they do, won't many of those products be outsourced themselves? So workers in China are buying PCs with Chinese motherboards, memory and disk drives, running software written in India?

Companies will tell you that still, a percentage of those sale profits come to America since American corporations are operating in the black using outsourced labor. But if the majority of laborers don't live in America, then to whom are those American profits going? And to whose benefits and retirement accounts? Executives and CEOs?

[banjo joe]

They say that the stockholders benefit

And that's fine... but too often it's senior/executive management wo benefit... NOT the stockholders.