Unformatted text preview: With the collapse of unions and the American wage, coupled with temporary employment services taking over most jobs markets, the business profits soared and investment confidence went higher, until consumers realized the hole they were digging themselves into, and quit spending. Then it all reversed and is righting itself to the way the economy should really look as a result of outsourcing. Its really called de-industrialization folks, when an economy goes from manufacturing to service industry. That isn't as good of a sign as Reagan worshipers claim....
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This note was uploaded on 04/15/2011 for the course PHI 251 taught by Professor Jessieh.l.goldstein during the Spring '11 term at University of Phoenix.
- Spring '11