Companies are showing higher profits due to cost cutting. Shareholders are rewarded but what happens when they can't cut any more costs? Sales will continue to decline and stock value will then plummet. Then what?
Outsource parts manufacturing offshore reducing costs, move assembly plants to 3rd world countries to reduce labor costs. This results in loss of quality and further loss of sales due to no longer "made in America".
When sales revenue can no longer can support the company it files BK or gets sold. What remaining employees left are laid off to join their former co-workers in the unemployment line. They can't get jobs because all the other potential employers have moved their assembly offshore as well.
We can't compete in a global economy when our competition pay their labor $1 a day. I'm afraid the glory days of this country are now behind us. I just wish we could have held out for another 20 years. Then I would be retired, living in the mountains and sitting on my front porch saying, "Remember when this was the best country in the world and everyone could do well with a little work and effort? People were proud to be Americans and everyone wanted to come here and join in. People pulled their own weight and even contributed to the well being of the country without being forced to by the government."
I think we are so focked now that I have no idea what should be done to fix it. I believe that neither does the current administration. The President is several years younger than me and I think of him as a kid without a clue. Kind of like the most popular kid in school that has just been appointed head of the school board. He is very good at slinging the BS and complaining about how his predecessor did everything wrong and how, if given a chance, would show them all how it's done.
I think the sky really is falling! There are a lot of people on here that understand this. I am really interested in what anyone could say that would really make a difference in where we are headed. Not just to get rid of the incumbents (couldn't hurt!) but a real step by step plan?