We hear the terms “Globalization “and “Outsourcing “more and more.

It is a two edged sword.

One the one side you may find that the price of goods at your local Wal-Mart is much less and that this is a good thing.

A second large color TV set that 20 years ago would be of out your purchasing range may be now easily affordable.

However that TV or whatever is seldom manufactured in the good old United States. “Assembled in Mexico of Foreign Components “is the closest geographically you will ever see. The location of production is usually some Asian country that you wish you may one day visit on an exotic, expensive holiday.

The standards of US technology – in this case US made Zenith, RCA or other forgotten names which have not been sold to foreign producers as badges are long gone. Along with the loss is the loss of good paying jobs which set the standards of pay and benefits for all us American workers.

As well when you pick up the phone to American Express regarding some charges on your credit card, bank account or service it is almost always a person half way around the world in India that you are negotiating with to forgive your charges.

China as well is not far off in the service industry. It is not generally appreciated that with its large population that with only a small percentage of the population needs to speak English for the numbers to be large. Indeed it is often stated with China's population that there are more English speaking citizens of China than North Americans.

The question of outsourcing is a good thing or a bad thing.

One the one hand it is a good thing as prices of goods have decreased.

However we are living in a gold plated jaded age.

The jobs that are being exported were both a basis of the North American way of life as well as stated the basic bell weather standards for our salaries and benefits.

Remember that in life as in economics that everything is ultimately based on “supply and demand “...

It is often quoted that a recession is “When your neighbor losses their job “. A “Depression is when you lose your job'>

American jobs are being exported in a major way seldom if ever to return.

As a result there will lots of competition for the remaining positions resulting in demand by employers and acquiescence by employees for lower wages, benefits and standards of employment.

It may wonderful to be able to afford to buy that new large screen TV at Wal-Mart.

However will your grandchildren have jobs and income that will afford them to do the same in the future?