Why would a high school grad want to go to school for 4-5 years to take a job with limited future? Where I work there are three engineers that lost their former jobs to H1Bs or outsourcing, and came to work for my company at dramatically less wages. These are guys with less than 10 years of experience, so they are not in the "Over qualified" age group. It is that the cost of labor for an engineer from China is much less than one from the US.
Here is another thing. As the "gateway" factory jobs have gone, so will the tech and service jobs go. If we as a nation don't realize we are systematically destroying our future, we will look like South Africa in a few years.
It is that the cost of labor for an engineer from China is much less than one from the US So the "employers", who operate from the safety of the U.S., and depend on the protection of our laws to maintain their own personal safety and property, should simply be forced to move there. Let them live under the laws of the Chinese Communists. Maybe they can try to get afffirmative action for Caucasians in Shanghai.
Maybe they'll all end up employing mercenaries from Blackwater to keep themselves safe. Of course, that might turn out to be more expensive than just hiring Americans, but being hardheaded types, that probably won't be clear to them till after the fact.