An economic explanation I can understand, vol.2

Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 a.m. While his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA).

After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) and continued his search for a good paying AMERICAN JOB.

At the end of yet another discouraging and fruitless day, Joe decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered why he can't find a good paying job in.....AMERICA.....

The truth hurts...

Very true assuming Joe is a factory worker.   However, many of the companies that make this stuff overseas are probably based in the US with US based engineers/designers etc..

We ship most of our stuff overseas, but most of our design wins are in the US.   Something may have been assembled in some far-off place, but Americans may still be getting the lions share of the pay.   

However, on the plus side of all that, this reduction in demand has meant that huge numbers of factory workers in China have lost their jobs instead of in the US.  This recession would have been much worse for employment 30 years ago.