I am totally floored by this story, IHnB. I don't understand macroeconomics enough to comment on what our trade policy should look like but I do wonder what the heck Americans are going to be doing to earn a living over the next few decades.
Almost any job can be outsourced or (insourced-you don't think we could bring in highly skilled accountants/attorneys/surge ons, etc. from abroad to work at 1/2 the hourly rate?).
Of course that would make the price of goods and services go down but the wages of 'Muricans will fall even more.
This is why I think the tax code is a partial solution, let the companies profits soar; let the wealthy thrive, but let's have them pay enough taxes to keep the quality of life high for everyone.