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Monday, October 02, 2006


American Living Standards ... (Score:5, Insightful)

by Wansu (846) Alter Relationship on 12:23 Monday 02 October 2006 (#16273827)

Some of you have pointed out that one reason for the disparity in pay which makes outsourcing attractive is the disparity in living standards. I agree. As more and more high paying jobs leave the US for lower cost regions of the world, Americans will have less disposable income. They are already deep in debt. At some point, consumption must fall.

I don't think many Americans understand the extent of the wrenching adjustments that lie ahead. It will not be pleasant.
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