[ffusco]

Less goods are produced locally for sure, but the cost of those goods keeps falling relative to earning power.

[GOP_1900AD]

Bull.... offshoring gets you a one time incremental cost reduction for the good or service. Once we've maxed out on offshoring what can reasonably be offshored, the cost reductions stop. In fact, due to the inevitable and overlooked increase in logistics complexity, prices may actually start to then climb slowly. Then what? A bunch of people working at Mickey D's in an inflationary economy. DOH!