This article left out the biggest reason which is the cause for most of the other reasons. Most of the jobs than can be offshored have been offshored. The reason why Economists lie about the economy is because short sighted investors, blinded by obscene profits have bitten off the arms that feed them. Our dollar is backed by the faith and trust the world has in the productivity of the American worker. Workers that for the most part don't have jobs (productive jobs that I like in manufacturing). Unless we manage to bring jobs back to the US our dollar will become worthless and that vast wealth hoarded by the wealthy will disappear overnight.