Not to mention the flight of many factories to Mexico (NAFTA) and thence to the Far East (Mexico implodes, leading many to leave for under-the-table work in the US).
Many of the displaced workers, especially those unemployed for long periods of time, do not have the training and experience required for new high-skill jobs.
And with a large share of the factory jobs in Asia, what are the factory workers going to live on? Permanent unemployment? Hmm, can you say "lower demand" and "higher government costs"?
And speaking of "higher government costs" can you say "Illegal Central American immigrants going to the emergency room for primary care?"
As far as training and experience? I remember when companies PAID for the training they wanted their employees to have. Not to mention the unspeakable greed of Bill Gates etc. in pursuing H1-Bs and offshoring for tech work (Microsoft was once sitting on $50 billion in cash: invested in T-bills it would have thrown off $1 billion /yr "risk free" without affecting the principal or the cash flow from continuing operations. But no, they had to go with Brian Valentine's "Think India! Two for the price of one!" bullsh*t.)
NO cheers, unfortunately.
YEP...I know a guy who worked for Microsoft and trained his replacements (East Indians)...but, he’s still a big LIB