Quote from my7tvette:
Maybe we should revisit the Industrial Revolution era, where the masses were working 16 hour days/7 day a week for a subsistence wage...Oh damn, I guess we ARE heading back that way, thanks to globalization opening up labor markets around the world, where billions of people are more than happy to work twice as hard as we are, for a fraction of the $$.
Thats going to change in the next 20 years, right now these developing worlds that do produce goods are experiencing the industrial revolution that the US went through in the 18th and 19th century. Once their society comes to realization of how much better they can do for themselves you wont have billions of people in India and China producing sneakers for 25 cents a day or computers for a few dollars a week. This is going to change as their economies rapidly change over the next few decades.