Let me ask you experts a very simple & straight question - will US ever recover?
After decades of job outsourcing there are not many jobs left anymore. Without jobs we must rely on food stamps.
Let's face it - except select few elite CEOs and white-collar professionals, the rest of us are competing with Indians and Chinese who work for less than $1 a day.
Globalization made those elites very rich over the years while the rest of us became poor. The middle class is collapsing fast.
Is there any reason not to believe that in the future there will be a very select few rich employed people and a swarm of unemployed? What kind of country will that be? Even today, top 1% owns 83% of all US stocks - clearly, wealth distribution is not happening and it's only getting worse.
Proof: google "22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America"
How can we become a nation of producers of goods to keep us employed when it's cheaper to produce everything overseas?
In theory, CEOs will keep outsourcing til our wages become equal that of Chinese. But before we reach that point the country will disintegrate first. Big corporations and the rich will survive because they'll just move their companies and assets overseas.
So let me ask you again - how can we ever recover? I just can't see how, like a tide that cannot be turned, milk that cannot be un-spilled.
After decades of job outsourcing there are not many jobs left anymore. Without jobs we must rely on food stamps.
Let's face it - except select few elite CEOs and white-collar professionals, the rest of us are competing with Indians and Chinese who work for less than $1 a day.
Globalization made those elites very rich over the years while the rest of us became poor. The middle class is collapsing fast.
Is there any reason not to believe that in the future there will be a very select few rich employed people and a swarm of unemployed? What kind of country will that be? Even today, top 1% owns 83% of all US stocks - clearly, wealth distribution is not happening and it's only getting worse.
Proof: google "22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America"
How can we become a nation of producers of goods to keep us employed when it's cheaper to produce everything overseas?
In theory, CEOs will keep outsourcing til our wages become equal that of Chinese. But before we reach that point the country will disintegrate first. Big corporations and the rich will survive because they'll just move their companies and assets overseas.
So let me ask you again - how can we ever recover? I just can't see how, like a tide that cannot be turned, milk that cannot be un-spilled.