Will outsourcing jobs eventually cause economic collapse in the USA?

Question

Cities lose tax base, mortguage foreclosure, end of middle class, end of world's greatest market, poverty,
etc.

Answer 1

No, however most of the population will be reduced to service workers, with no service to perform. We are being driven to third world status under the guise of global competitiveness. Manufacturing, the backbone of our society is all but gone. Very little clothing is made here any longer. Our auto plants are shutting down, and corporate American CEO's are pulling out millions of dollars each and every year from their respective companies while the poor get poorer. It's all about greed, nothing more. Our economy of today will no longer exist in ten more years. It might collapse completely in another twenty if we don't do something about our children learning how to read and do basic math.

Answer 2

It's already began to. NAFTA, was a real gem of an economic wammy to America. Clinton should be proud. That's not the only thing that's working against the economy... The Uniions are a major problem to a strong economic situation. Right now I'd be scared to guess, how many people are retired still receiving benifits and a damn fine pay check. Not that it's not good to take care of those retired. However, what does that do for the price of goods, when you in have to pay for current and past employees... If I were in charge, I'd tax those companies who outsource to other countries double.... so that it wouldn't be so cost effective to do it. Rather than shell out the tax breaks... and raise the cost of taxes on every other citizen who is trying to make ends meet.... with less and less...

Answer 3

Nope. Outsourced jobs just mean that somebody in the US is paying someone else less...there still needs to be income in the US to pay the outsourced people! Unemployment in the US is near recent historical lows, and the average wages people earn is going up. We are seeing a drop in manufacturing jobs, but that's been going on a long time. For skilled jobs, even technology jobs, outsourcing is less attractive now than it was a few years ago as salaries in places like India go up.

Answer 4

No , even if you buy foreign made products they still need to be unloaded , shipped , and sold by local workers. Also there are many jobs that can't be done elswhere, like construction , staffing the multitude of service industries, building houses and roads. The list of jobs that must be done localy is endless.

Answer 5

The short answer is: No.

Reality is that the US economy will re-size itself to the fluctuating national GNP. The 'standard-of-living' may be eroded to what would seem by today's standards as unacceptable however...