Drake

This is a scary thought and I see signs of it but I hope it doesn't become a reality.

First all the low paying jobs went (shoe factories), and hence the sweat shops in Asia where Nike manufactures its shoes and ships them back to the US and charges $200-$300 for a shoe that cost $2 to make.

We didn't care about those jobs going.

Now it's the high tech high paying jobs and companies that are moving overseas. It's for profit, to increase profit margins. The government seems to think it's ok that things like steel (you know the thing we make guns and bombs out of) are now largely manufactured outside of the US. Same with computer jobs and so on. As long as you let companies dictate policy without any type of regulation this is going to continue at alarming rates.

In the future we will end up buying things from China that used to be produced in the US and we'll have to pay a premium for it because it's a foreign import. Companies get wealthier, the typical American citizen will bear the financial burden.

Let alone when China becomes the largest economy, not only will you see tech jobs go where all the low paying jobs have already gone, you'll see professionals like lawyers and doctors get educated in the best US universities leave for China because they'll make more money there (the same way Canadian doctors cross the boarder to the US for bigger US dollars).

It's as if the writting is on the wall.