A little fact that our “leaders” in D.C. don’t want you to know:
Average annual salary of each job lost in the 2007-09 recession (which is still continuing in much of the country): $70,000
Average annual salary of each “new job” created since the recession: $30,000
Thousands of good jobs were swept away when the market tanked, and (predictably) many of them were moved overseas. Reduction of labor costs is one reason that a lot of companies have done very well since the recession. Much leaner workforce, and if you can save major bucks on high-cost functions like IT (by shipping it overseas, or importing lower-cost labor), the bottom line will look that much better.
The answer is simple: Do not allow low cost labor into the coutnry. When you bring your goods or service back into the country after offshoring, it will cost you (that’s how we used to fund much of the governemnt in the past).
One wonders... when all the good jobs are moved overseas and Americans are reduced to povety subsistence... who can afford to visit the Disney parks, buy cars and other stuff? Will foreigners then have to be imported to be customers? Are these companies for short term profit “eating their seed corn”? Just wunderin???