That's an excellent post. Where on the curve do you think we are right now?
Hmmmmm...tough call! Its even more complicated than I suggested...I didnt want the inital post to get too far out of hand.
First problem is getting the right statistics or metrics to measure real wealth of an American family....one possible measure may be rate of savings or asset to liability ratio.
Second problem is the fact that cause and effect may lag each other in time. An increase in outsourcing may not show up as a change in wealth until a couple years later.
Third problem is that there may be different curves for different economic and career brackets. One of my gut instincts is that the curves for different income levels diverge as you increase the level of outsourcing. For example...lawyers or financial consultants would be the last group affected...factory workers the first group.
This problem is at a level suitable for a PHD thesis in economics. My point is that the economics may not be as simple as some proponents or opponents of free trade believe.
Go ahead....take your best guess guys.