Replies

India and China are providing the driving force of the next industrial revolution. The short sighted see job losses. In reality, Two tremendous markets are developing in Asia. Americans must realize that we are not entitled to jobs we must earn them through competitive excellence. This is the best thing to happen to america since the first industrial revolution.

Yeah, if we can export our goods to them. Otherwise, our job losses will lead to a lower average wage, the American consumer will have less money to spend; plus higher taxes to pay for the federal support of unemployment insurance; plus higher taxes to pay for other "benefits". Oh, gosh, guess we can't export our goods to them, wonder why not? Could it be because their governments impose trade barriers? Yep.

So how is this "the best thing to happen"? If our exports are slack, and we lose jobs -- who wins? You might say the consumer due to lower cost goods, but recently the goods I have bought from China were crap for quality, and I had no alternative -- all the goods were Chinese.

The short sighted see job losses.
Well in the long run we're all dead.
The trouble with this is that the car part maker of today, like the buggy whip one of the past, can't turn around and make something else as there's nothing that's safe to make.
What is this going to do for long term planning in the US? No one is going to setup a company for fear that it'll be the next one to be outsourced completely. Look for years of stagnant growth in the US economy. I suppose it would be good to move over to India or somewhere else, that is if they liked Americans as much as we like them. For some reason I don't think we'll be welcomed in with open arms.