Originally posted by Kaploink
Reagan was at the top when the outsourcing began that destroyed our economy. Do you not remember the television ads of the 80s where groups were
asking people to buy American and stop the outsourcing of jobs? A time when at least a few Americans still fought to save the middle class.
Correct. This outsourcing actually began in the 1960-70s, with tires and steel. (Think Watts riots 1965 and Ohio).
By 1980s other types of manufacturing began to be outsourced, as corporations looked at their books and decided that cheaper labor elsewhere would
mean more profits for them. However, it wasn't until shipping technology (think also cheaper oil prices) and infrastructure in foreign countries to
ensure supply made outsourcing feasible, that plus "free trade".
Actually, corporations at first fled to Mexico for cheap labor, but, when Asia promised even better deals, the dumping of American jobs (with no job
of equal value for replacement) went there. However, trade is once again returning to Mexico, because American consumption is up, along with changes
in China.
ETA Unless one was born pre 1970, it would be hard to remember.
edit on 2-9-2012 by desert because: (no reason given)