Part of the problem is how people perceive things in the past compared to today.
One of my favorite examples of this is:
• 50 years ago, a new house might cost $25,000
• Today, that same house would cost $250,000, 10 times as much, due to inflation.
• 50 years ago, a middle-class family might earn $5000 a year
• Today, that same family would earn $50,000, 10 times as much, due to inflation.
• 50 years ago, a new car might cost $2,000
• Today, that same car would cost $20,000, 10 times as much, due to inflation.
• 50 years ago, a gallon of gas might cost $0.30
• Today, that same gallon of gas would cost $3.00, 10 times as much, due to Bush and Cheney being in CAHOOTS with their BUDDIES in the OIL INDUSTRY!1!!1!
:rolleyes:
The economy, and job displacements in different industries, is a moving target.
Leaving aside the ethics of moving manufacturing jobs offshore, if it were not a net benefit to the company, it would not be attractive. If enough jobs get outsourced, and too many workers in this country are idled, unable to afford the products and services provided by the companies involved, the lack of demand will, to a certain extent, become a self-regulating governor on the economy.
For the government, or any entity, really, to attempt to artificially control the economy, is futile and ill-advised. We cannot know enough to anticipate the unintended consequences of that level of interference, and I, for one, would seriously worry if the government had the kind of power it would take to control the economy to suit its political agenda.