[Schattie]

What new, wealth-generating jobs can be created when the US is at an obvious absolute disadvantage? Now that all levels of wealth-creating jobs are completely mobile, those nations with the greatest absolute advantage will benefit to the detriment of other nations.

The result? A lowering of the standard of living in Western nations... maybe gradual, maybe rapid. But you will feel it. Have fun. :)

[hawk1]

Being at the top there is a long ride down. Cspan had a discussion on free trade discussing how mobile vs immobile factors influence the market. It was not an upbeat forecast.
Someone mentioned an equilibrium point and things would level off but at this point the damage had been done.