In article , Gary Coffman says...

You persist in thinking that manufacturing wages are
the only source of income for Americans (or people of
any other nation). They aren't.

I didn't say "only," but they do contribute. And
remember, it's not _only_ manufacturing jobs going
overseas. A lot of the IT jobs going, and also
even the beginings of an exodus for financial
jobs as well. Imagine anything where the work
product can travel down a network cable - that
job is heading out.

Like Ed says, one manufacturing job supports two
or three other service jobs. The first goes, so
do the ancillary jobs too.

This is going to have some effect on the economy.
I predict over the long run (ten years or so)
that the market for goods and services in the
US is going to shrink - simply because the wage
base is either not growing or actually shrinking.

The companies doing all the "outsourcing"
(ie job emmigration) don't look at ten-year
plans. They need to keep the ROI and the
stock price up for *one* year.

It's big Ponzi scheme. With the US citizens as the
participants - and dupes. Last one out, turn out
the lights.

Jim

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