Excellent points, and I partially agree.
My personal concerns would be the following,..
1-The last outsourcing round that the US has experienced does consist of support positions, but this does also include critical IT, programming,
engineering, and product development jobs.
2-The US is currently also experiencing many lost jobs and high unemployment issue's, that are at best stabilizing, not decreasing in numbers as
indicated by the unemployment figures that are commonly published.
3-All this while mass legal and illegal immigration from Mexico, are filling the more menial job vacancies that could be better utilized at home by
the un(under)-employed in the states, until the current economy can support otherwise.
4-Agree'd that much of any 'dividends' are commonly passed on to appease shareholder's as profit's in the books, and not paid out as dividends to
the shareholder's, nor...
5-...applied to opening new positions or job creation. Any productivity gains have commonly been the result of 'the same workers, working harder',
in the most recent term.
While I completely understand that a company and it's customer's best interests may lie in reducing and controlling costs, without new industry
sectors to fill the void left by the outsourcing of positions and services, it may appear that more 'service' related jobs are commonly all that
Additionally, my personal feelings are that American companies should have self-imposed limits on the volume and rate of this outsourcing of jobs.
India for example has successfully brought many positions out of the country that do not include such mundane positions, and at a very fast rate.
The old industrial age has been a mainstay in the American economy since it's inception, and is finally coming to a point where it is a lesser factor
in the economy. It is the industrial Companies that are failing due to foreign competition and countries subsidizing their products which are shipped
back into the US for sales, at prices that can not be matched internally.
The electronics age began to leave the states in less than half that time period, and the IT and programming industry in the information age has begun
an exodus in considerably less time than that.
It should also be 'American' corporate responsability as well as responsability of the government, to at least be one step ahead, by nurturing the
new industries and 'ages' prior to letting the new-industries-prior slip oversea's. IE- dont let your best (or at least current) top job 'ages'
go, prior to having a new one in the wings. (industrial, electronic, information ages), as all that will be filling the 'in-between' will be menial
service jobs that will be coming available, and also be filled with illegal or legal non-citizens that are more than happy to work for half the wage
as the citizens need for family support.
Most importantly, much needs to be done about the education system to make it more productive in producing bright new idea's.
Without an advancing education system, limited new technolgies or industries will be born in the US.