I have looked at the American trade deficit with China with last year swelling to $200 billion. I have friends who were laid off because their jobs were outsourced to India, China, or somewhere overseas. This article from today's New York Times open my eyes a bit that the real profits are made by the companies here. Quote "While China gets the wage benefits of globalization, it does not get to keep the profits of globalization."
There are many heated discussions on this issue on this forum, and others, but it is important not to wholly lay the blame on China. Read the article, and tell me what you think. Is this a bias article towards China? Thanks.