Originally posted by kalimaniac
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We have an unemployment rate over 9%. IMO, it is not solely due to the crisis. In the last four years, the minimum wage has increase from 5.25 to 7.25 per hour.
The unemployment rate for those under 25 has increased substantially. Our country is moving further towards a service economy than producing economy.
Fact is that most americans are driven by price, which is lower for foreign products due to their lower wages and regulations. It is not easy finding product made in american any longer.
As ABC pointed out, many people would have next to nothing in their homes if they removed everything not made in america.
I could make a long list of reasons why america is in decline aside from economics, but filling our homes with junk made elsewhere is a major factor in our lack of industry.

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