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You are missing the big picture. There are plenty of jobs, but they are being shipped offshore to foreign countries. How does this effect the economy? It's not just unemployment. It's thousands of workers who make good money that is longer going into our economy. It's going into the economies of India, Pakistan, China, and Russia to name a few.

There are plenty of jobs, but they are being shipped offshore to foreign countries. How does this effect the economy? It's not just unemployment. It's thousands of workers who make good money that is longer going into our economy. It's going into the economies of India, Pakistan, China, and Russia to name a few.

I hear this a lot but the other side of the equation is never mentioned. Consider this scenario:

A company employs 100 people who make an average of $40,000 a year to sell a widget that retails for $100. The company sells 100,000 of these widgets a year. That's an annual payroll of $4,000,000 a year but the consumers have to pay a total of $10,000,000 for these 100,000 widgets.

Now the company moves the factory overseas to take advantage of lower labor costs and that widget now retails for just $40. So while $4,000,000 a year in local income is lost, consumers now have an extra $6,000,000 in their pockets to spend on other things because they are paying 60% less for these widgets. That extra $6,000,000 a year could be used in local restaurants, home improvements (putting contractors to work) or to buy boats (putting more boatmakers to work).

This is a simplistic scenario to be sure but bottom line is that cheaper consumer goods is not always a bad thing. And the money saved by cheaper consumer goods is often spent someplace else (or invested). Imagine how much more expensive everything would be if all consumer goods were manufactured here in the U.S.A. by factory workers at union scale.

I would prefer that manufacturing stay in America too. But between government taxation and regulation, not to mention the artificially set wages forced by unions, you can't really blame them all that much.

You are missing the big picture. There are plenty of jobs, but they are being shipped offshore to foreign countries. How does this effect the economy? It's not just unemployment. It's thousands of workers who make good money that is longer going into our economy. It's going into the economies of India, Pakistan, China, and Russia to name a few.

That and H1-B visas being granted TODAY because American companies "can't find" American engineers and scientists to fill jobs.

I'm looking for an engineering postion in processing for MEMS (Micro-Electro Mechanical Systems) or Nanotech. FReep mail me for a resume...