This country will die if we do not have the capability to produce and export products. Simply shifting dollars around through the service sector cannot provide the GDP necessary to pull our nation from her current peril.
Correct. We can't fund all the entitlements to which the public has become addicted on service sector jobs. Some of our population are not qualified to do anything beyond the job we were told "Americans didn't want."
I have watched one CEO almost destroy a once great American corporation by systematically destroying our manufacturing capability. He doesn't want to manufacture anything, but outsource everything. And Obama has the poor judgement to put him on the "Jobs" council.
American corporations, one of which I work for, subsidize foreign student education and bring them here on H1B visas.
Other foreign countries support education of their population past high school via social programs.
For instance, a worker in India is chosen to attend University, they complete four years with little cost to the student. Then U.S. corps bring them to the states and subsidize a great portion of their education here.
You now have new hires with Masters and PHD’s for greatly reduced compensation, working right here in the good ol United States.
American students do not get the same sort of education subsidies and often times pay much greater tuition rates than those brought here from foreign countries through special programs as discussed above.
It is NOT a level playing field. Americans yet again get the short end of the stick in trade negotiations.
I know American mechanical, software and electrical engineers that are struggling for employment, while many companies such as IBM, HP, Dell, GE and the like are flooding this nation with cheaper foreign workers.
What jobs American corps have not outsourced, they've made sure foreign workers have gotten preferential treatment.
I've been in the business 26 years, I've seen the transition up close and personal.