[Walkin Man]

Many point to Wall Street numbers and claim the economy is growing, but short-sightedly miss the fact that just because a company declares a profit - a profit temporarily made by moving a job out of the US - does not mean the standard of living in the US is remaining stable, nor that the continuation of those profits are secure.

So true. There seems to be a major disconnect between Wall Street and Main Street.

You can shut down all production in the US and move your operitions to communist China, India, etc and the stockholders will enjoy short term profits I suppose.

Meanwhile back on Main Street, the businesses that used to depend on the workers wages are devastated along with the workers themselves.

It looks like a zero-sum game to me. Everybody loses in the end.

[lelio]

You can shut down all production in the US and move your operitions to communist China, India, etc and the stockholders will enjoy short term profits I suppose.

Not only that, but people will blindly cheer the "upsurge in productivity per US worker" without thinking about how this number is calculated. Of course if you fire your manufacturing staff and send the operation to China your "productivity" numbers will go up.

[freeeee]

Meanwhile back on Main Street, the businesses that used to depend on the workers wages are devastated along with the workers themselves.

They'll just sell their stuff in Asia. That way they won't have to pay to ship it here.

[philetus]

For a long time, the American consumer was the lifeblood of business. We enjoyed quality products from them and good wages working for them.
The first "made in Taiwan" knock off that was bought by an American consumer, because it was a couple bucks cheaper, is what is causing all the jobs to go away.

Now "made in America" means what? 5% or 10% of the product must be made in the U.S.? Now we have Japanese, Korean, and soon Chinese cars that are "made in America" and American companies, who had pride in their products being "made in America" can't afford to do it any more.

The same Americans, who shortsightedly,