Outsourcing didn't start last year, it's been going on for a very long time. Yet, the economy grows and unemployment falls. Hmmm, makes you wonder doesn't it.
It certainly does. I believe the numbers are skewed, on purpose, to make us feel better about our crashing economy. The only ones doing well in this economy are the upper crust. The people with large stock portfolios and upper management. You are right about one thing, when the average consumer can't afford to consume, the walls will come crashing in. Hey, every civilization has it's day and we've had ours, now like all of the rest of them, greed is about to bring it down. Moving to a cheaper country has a few drawbacks, like safety, health care, leaving all your friends and family etc., but might be the only alternative for people like me living on social security and a small pension. When I was in Mexico a couple of years ago, I got to talking with a mexican citizen and we were discusing incomes. I informed him that I only recieved about 1500.00 a month. He said I could live very well on that. Of course after I sold out here, I'd have a few hundred K to re-establish my abode with. He raised 5 children on about 800.00 a month and bought a house and had a decent car, so I believed him. If it gets much worse in my neighborhood (illegals buying in), I might as well move to mexico anyway where I could live well on my meager retirement, I already speak a little spanish, uno, dos tres quatro, etc.