HappySqurriel on 04 February 2008
| timmytomthegreat said: This should help the US manufacturing sector retain if not gain jobs. |
Not really ...
The majority of US manufacturing sector jobs that were lost were offshored to countries like China due to their (massively) smaller labour costs. The US dollar will not be low enough in the foreseeable future to regain these jobs.
Personally, the only jobs that American's are "losing" that I think is really troubling are the IT and software engineering jobs because (in many cases) these are being lost because of poor math skills, not because of cheaper labour.
