Curt136 Wrote:
Jul 30, 2013 12:45 PM
The jobs drain has been evolving for decades, due many to high union wages and benefits along with the rise of the global economy. The first signs of this exportation of jobs was in the auto industry in the 1970s and '80s. American car buyers discovered they could drive a better-quality Japanese car far more cheaply than anything Detroit was producing. Detroit ignored the loss of market share and continued to produce big, gas guzzling, rust buckets. The loss of high-priced American jobs became a trend across all industries as China and India emerged with millions of hungry, smart workers. The result is an America with fewer good jobs and more unskilled people willing to survive on government handouts.