The big story with Ford laying off thousands and shutting down manufacturing plants has got me worried. GM did it too just a few months previously too. Our shopping centers are filled with cheap goods manufactured elsewhere and we stand in long lines because LABOR HERE COSTS TOO MUCH. We are now importing goods and services from overseas mostly because of the high cost of doing business domestically. Companies, in their greed, farm out tech jobs to China and India. Legal services can even be farmed out. Customer service, farmed out. Most of our products we buy has been imported because we want it to be cheap. It's cheap in part because wages are lower and HEALTH CARE is subsidized by that country. Ford and GM have to compete with Japanese car manufacturers, whose labor costs are a fraction of ours, therefore the Japanese can sell us a better made car for far less money.
In the meantime Americans keep getting laid off and we can no longer depend on our employers. We're out fending for ourselves, in the meantime we need and or want cheap goods because we're in debt up to our eyeballs. At our jobs, many work what two or three people could do, and our benefits compensation has been drastically reduced. Because Labor is Expensive. With all the overtime and long commutes to and from, we're exhausted. And for this our employer can lay us off at a drop of a hat.
How are we going to compete with the rest of the world with an economic structure like this? Employer based health insurance is becoming prohibitively costly so businesses look offshore. Our colleges and universities are graduating young adults who are not much more intelligent than they were when they graduated high school. A college education these days doesn't mean what it used to -- there have been statistics quoted in various reports about this and how American graduates stack up against university graduates from other European and Asian countries. And in the meantime, China, with its vast natural resources, cheap labor and bright university educated minds, is steamrolling into a strong economy.
Our way of doing things is going to collapse soon. We can't go on like this and something drastic must be done. I'm not good at articulating this sort of heavy subject -- I don't have supportive details for my argument, but they exist out there with a switch of the radio button or a quick internet search of our newspapers. This is what I've been hearing for months and months and it concerns me greatly.