Economics ... It's a good thing.
Socialism is based on the premise that there is just so much "wealth" in the world and that the only way for poor people to advance is at the expense of "rich people".
In reality, the world economic system is not a "zero-sum" game. It is possible for everybody's standard of living to rise. Capitalistic freedom is the engine that drives such progress.
The US prospered, not because China and India were poor, but because Americans were free to invest their labor for their own advancement. They were able to make individual decisions, constrained by civilized limits, that were in their own best interests.
What you are seeing is "lemons" and you need to prepare to make a lot of lemonade.
The US automakers, for example, are struggling. Instead of making "lemonade" they have ignored the realities of world economics and once again foreign companies are first in the market with products like hybrid vehicles.
There is no excuse for US automakers to fail to claim a share of international auto sales. You mustn't let misplaced sympathy for their situation deter you from staking your claim to some part of the world's economic pie.
My youngest daughter is in Taiwan teaching English to Chinese people. If she were the owner of the company she works for, she would be making $90 per hour for tutoring highly motivated Chinese the language they want to learn to claim their part of the economic pie.
Cheap labor is over-rated as an economic advantage. US businesses have outsourced many jobs, saving untold millions, and in doing so they have increased the average productivity of American workers dramatically. The number of dollars of product created per US employee has risen substantially in the last few years.
Some Americans will rise to the occasion, obtaining the education and skills needed to fill these more productive jobs. Others, like those described by another Freeper, will continue to wallow in ignorance pretending that it isn't cool to be smart. The future for them is bleak.
You need to identify with hard-working Indians and Chinese who value freedom and responsibility. You owe nothing to those who worship ignorance or low productivity here in the US.
>The US prospered, not because China and India were poor, but because Americans were free to invest their labor for their own advancement. They were able to make individual decisions, constrained by civilized limits, that were in their own best interests.
What you are seeing is "lemons" and you need to prepare to make a lot of lemonade. <
Obviously, you have never worked in a manufacturing environment.
Not everyone in the US has the intellectual potential of becoming high tech, highly skilled labor,or the discipline to become such. While many do, as manufacturing vanishes, the high earners increasingly will carry the economic load for people who cannot find any kind employment or whose income will never put them in a position of paying much in the way of property taxes (even indirectly, as rent).
What are we supposed to do with the people who will never or can never become highly skilled? Turn them into hot dogs?
You need to identify with hard-working Indians and Chinese who value freedom and responsibility. You owe nothing to those who worship ignorance or low productivity here in the US.
I do identify with them. I have been responsible and productive my entire life. I have a Ph.D. in a physical science and am a senior research scientist at a large, well-known photographic company undergoing a "digital transformation." I have kept my skills current and am likely to be able to be the one who turns off the lights in the lab if things continue to go south. I have seen many skilled coworkers laid off and large scale operations transferred to the Pacific Rim and Latin America. I have seen young people with solid GPAs and technical degrees struggle to find employment here. And I constantly see pandering politicians who want to tax productive people to pay support for those who are dealing with the consequences of their own sloth, intemperance, and imprudence. I see politicians in New York State and at the national level that think government handouts are an entitlement and that no one need suffer consequences of their imprudent choices. An the whole shebang is financed with debt. My big concern is that the whole thing is a house of cards, or as another Freeper put it, a Ponzi scheme, waiting to come crashing down. To be honest, I would rather not be "collateral damage" when it comes down...