I am not an economist...but I am cognizant of a few things economic, so at the risk of being pinged for stating the obvious I shall take the plunge into diary land:
Economics is all about the production, distribution and consumption of goods and services. Distribution and consumption of goods cannot occur without production....making production the cornerstone of human wealth as we know it.
This in turn makes the outsourcing of American jobs, manufacturing in particular, equivalent to the outsourcing of our wealth...and our opportunity for future wealth.
Today I was alerted to a new outsourcing of American jobs via Thom Hartman’s newsletter which was the impetus for this diary.
His source was The Economic Times of India, article here: http://economictimes.indiatimes.com/...
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