OUTsourcing affect economy

OK, yes OUTsourcing is affecting economy. In fact, it is one reason for high unemployment; because as companies try to trim expenses the send jobs overseas to low wage countries.

This causes there to be less jobs in US. However, the jobs sent overseas tend to be high wage high tech positions. These give you the most bang for the buck. The result is less student going to college and more bright people stuck in dead end minimum wage jobs.

With less industry in US we see a slow decline in the ability to produce things. The new growth areas tend to be service jobs with low pay.