Does anybody have the reliable numbers on how many jobs are insourced and how many are outsourced and what those jobs are?
The problem isn't outsource. It's that jobs are evaporating. If you can get 99 weeks of paid vacation, I mean unemployment "insurance" and work under the table, why would you not take it. Just think what an employer would have to pay you to attract you if you aren't exactly the highly motivated type just looking to barely get by. Add on top of that welfare, food stamps, disability, ... what is the reason to take a crappy job and bust your ass to work up the ladder 10 or 20 years down the road?
If you are an investor, would you invest in a country where they demagogue the rich? You have to worry about a heads you lose tails you don't make much proposition. If your investment fails, you lose the money you had. If it succeeds, are they going to redistribute it for you? So why not just hoard your cash and protect what you have and work to make the investments that were already made as profitable as possible and avoid the risk of a lot of new money being invested?
The problem is that economic growth has not significantly outpaced population growth and as long as that is true, wages will stagnate. You add on top of that an economic penalty on ALL of your existing workers if you hire more people as Obamacare does for some businesses, it creates too big of an economic hill to climb.
We have a bad economy because we have an unfriendly regulatory, tax, and political environment. Until we fix those, we are going to continue on the lackluster path that we are one and just limp along barely keeping pace with population growth.
I don't see it changing. I think the American spirit is dead. That's the change we got. The same thing that Detroit got generations ago.
A politician thinks of the next election; a statesman of the next generation. A politician looks for the success of his party; a statesman for that of the country. The statesman wished to steer, while the politician was satisfied to drift.