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To: RockyMtnMan
On a thread a couple days ago, someone coined a new term to describe the effects of outsourcing/offshoring: 'Trickle-Out'.

The corporations that are now outsourcing/offshoring were already turning a nice profit, they just want larger profits. And, with these larger profits, they are not re-investing in American jobs or factories, only foreign.
And, added to that are the unfair trade agreements that are causing closures of many American mid-sized and small manufacturers.
But it is all okay because those who still have jobs can now purchase even more stuff (half of it they don't really need and it is not well made) for a few dollars less.
371 posted on 09/17/2003 1:12:34 PM PDT by LibertyAndJusticeForAll
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To: LibertyAndJusticeForAll
It really does boil down to capital investment in America. Without it there will be no jobs except those who make money by investing overseas. In order to invest overseas however we need some way of creating income here. If everyone could simply live off the fruits of foreign labor that would be great, the problem is you must have money to make money.
380 posted on 09/17/2003 1:21:26 PM PDT by RockyMtnMan
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