Since the late 1800’s the United States economy has gone through many transformations and changes. In the 80’s, we lost a considerable number of jobs in manufacturing simply because American corporations found that it was much cheaper to let cheaper labor forces from India and China perform the jobs that Americans had worked. It scared a lot of people because American jobs went overseas and with it, American money. In recent years, we have seen white collar jobs also being sent overseas. Jobs that we thought were indispensable a couple years ago are now in the hands of someone thousands of miles away. In this article, the people having the conversation made some really good points. These are American companies, taking advantage of a cheaper labor forces to make more money and enabling Americans to buy the same goods and services we’ve grown accustom to for less money. Also, these lost jobs will more than likely give way to new jobs which will some day give way for other news jobs as our country and our economy grows and evolves.
The problem that I see, that was not addressed here, is the simple fact that we are losing money to these other countries. They are right, that these are American companies, but these companies are not selling near as much goods and services to the Chinese and Indians as they do to Americans. If we are sending all of our jobs over seas, how on earth are we going to continue to buy the goods and services produced by these cheap labor sources if we don’t have the income produced by these jobs? We already have an enormous negative trade deficit, meaning we are buying more goods than we are selling. We are sending our jobs, our money, and soon, our entire way of life to other countries. Our standard of living will regress to the point at which they are currently accustomed to.