Originally Posted by kane

Here is the problem with that. As third world countries like India start to build emerging economies many of them are training very skilled workers in various fields like engineering. Some of those workers come to the US to get jobs but more and more of them are starting to stay there and work for companies that are getting outsourced worked from US based companies. I have a friend of mine that works for Intel and he is telling me more and more of their engineering and high end, high education type of work is going to their plants in places like the Philippines. They figure why should they pay US based engineers 60K+ a year to do the exact same job equally qualified Engineers in other countries will do for 15K a year.

This country (the US) is creating jobs (or at least it was pre-recession), but most of those jobs are in the lower paying service and retail industries.