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Another big problem in the U.S. is the greed of some companies and the over reliance on market analyst. Back in 82 I worked for a large company that had record profits for 4 years running. The last year I worked for them their analysts predicted another record year estimating an increase of over 20%. The company did have another record year but it was only 7% over the previous year.

I'd think most companies would have been happy with yet another record year but not these people. They figured that they had actually lost money since the increase wasn't as large as predicted. As a result they had massive layoffs. Their competitors loved it and had more great years. This group of misfits lost much of their market share. Many companies now think that way and move. Workers do price themselves out of jobs and government intrusions are a big problem but don't just blame our economy on those factors. Now a CEO gets a pimple on his rear stock prices go down and people get out sourced.

sjfcontrol » Mon Sep 12, 2011 8:27 pm

And they USED to be guaranteed for life. But I don't think they are any more... I have some ratchet wrenches that need replacing I've had since I was a teenager. Wonder if they still replace them?

The wrenches will most likely still be replaced.
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People keep blaming our economy on everything but this very topic. If all the jobs have moved out of the country, how can anyone find a job? (Other than a few select areas such as healthcare and minimum wage fast food, hotel service or grocery clerk.)

As to having to pay more, yep but what is the alternative? Our present economy maybe?

Think about how everyone started going to Walmart to save money over the local stores. Well everyone saved money and now where are those local stores? Where are the people who use to work in those local stores? Same can be said in many areas. Look at fast foods instead of all the good local restaurants, quick marts selling gas instead of service stations. The list goes on and on.

It is easy to blame the government, and they are guilty in many ways, but there is plenty of blame to go around. Until something happens to bring jobs back, and good paying ones at that, the economy will stay at the bottom of the septic tank no matter what else is done. And I guess the real question is that if by some miracle this happens, will we be willing to vote with our pocket books or send them back overseas.