You know what I find really funny?
American corporations are allowed to shop worldwide for the cheapest labor rate.
But American citizens are not allowed to shop worldwide for the cheapest prescription drugs and college textbooks.
The same drugs and textbooks that those American companies sell more cheaply overseas, thereby contributing to the lower cost of living overseas.
I wonder how many Indians would be able to afford the college education needed to take away our jobs, if those Indians paid what Americans have to pay for textbooks and medicines.
A perfectly valid point that I can definitely stand behind. Basically a rent-seeking behavior by American business.
You're so right. We Americans are certainly getting screwed up one side and down the other. Companies will reem us at every possible opportunity. Specifically, Americans certainly do get saddled with most if not all of the R&D costs of drugs.
good comment about the drug prices. some industries in the US are protected it seems.