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We'll do fine. We'll outsource jobs equivelent to the the average produce picker. Give it a year, big Corporations will be begging to hire new employees.

The jobs are only one issue, the larger concern is the loss of our defense industry base.Magnequench and Terfenol-D are not 'produce' but the most cutting-edge materials science we have.

But looking at the eroding job situation overall, IT jobs are not produce pickers. IBM is relocating 3 million jobs to India. Motorola is spending ALL their new capital spending overseas, and doing all their new hires overseas. $10 billion in new semiconductor plants and their associated R&D facilities. Engineers, now being outsourced as well, are not produce pickers. Semiconductor and Electronics R&D is not 'produce'.

I have a different prognostication. Give it 5 years, and unless tariffs are restored, we will literally have millions of people begging in the streets for any kind of job. The middle class will be imploding. And you will be out of a job, and no longer on-line.

India is still a socialist, corrupt, class riven, and completely inefficient country. It is also sliding backwards socially (e.g., they are burning widows in the back country again). Copyrights are a fiction, intellectual property wide open for pillage, and government is by bureaucratic caprice. India's most significant IT product is a series of increasingly nasty viruses.

When quality again becomes an issue, these "cheap" jobs will come home. And it will happen faster than people think.

Regards,

I have a different prognostication. Give it 5 years, and unless tariffs are restored, we will literally have millions of people begging in the streets for any kind of job. The middle class will be imploding. And you will be out of a job, and no longer on-line.

I do not believe in tariffs, that would limit the productivity of American companies. India has a competitive advantage against the USA in terms of providing an abundant labor pool that are educated in latest IT technologies (J2EE, Java, XML, etc.) and will take a job around $8,000 a year. If the USA issues tariffs against utilizing India's labor market, other countries like Germany, UK, & France will use the Indian labor force and hence will have the benefit of using a skilled labor force at a cheaper price. As a result, American IT companies would be more expensive due to the increase cost per unit/function point and would end up closing shop altogether. Then everyone looses.