Reply #16: If that were true then we'd be at 50% unemployment. [View All]

We're outsourcing jobs we no longer need nor want. We aren't losing net jobs, we're changing them up for more advanced jobs.
You can keep those jobs right here in your own country, your own state, or your own city, if you really want to, but the fact is that you are never going to grow beyond those jobs until you outsource them.

Outsourcing to a cheaper source is what frees up capital to create new technological ventures.
Outsourcing is how you go from an aricultural based economy to an industrial economy to an electronics economy to a high technology economy.
Why would we, as a society, want to hold on to our industrial era jobs when we can outsource them and put those workers to use building electronic products?
The end result is we still have jobs, we still have industrial items, and now we have electronics too. Everyone wins. It's the march of progress.

In the short term, every single American that buys a cheaper product is benefiting with an increase in their standard of living (ie. their buying power).
Whenever you can buy more for less you're better off.

In the long term, aside from the obvious advances in technology and standard of living, our entire economy benefits from opening up another market which will buy OUR advanced goods.
We already see this happening with basic consumer goods.
China right now can't afford the high technology we put out, but they will be able to in 20 years, maybe sooner.
By that time maybe China has replaced Japan as a world leader in providing consumer electronics. Certainly by that time the US economy will have moved on to even bigger and better forms of high technology, like biotech.