They say there is much unemployment, but a better reason is that our jobs are disappearing. We see outsourcing to India as a major reason that there are fewer jobs in the US. Many media jobs such as creating graphics, programming shopping carts, developing web sites are being sent to India. You can replace a $35,000/yr US job with a person making $3,000/yr and thats not all. The company saves even more money because they do not have to pay medical insurance, workmans comp, employment tax, and an office or cubicle.
It does not take a genius to see that we will soon have soaring unemployment rates as more work is sent to low wage venues.
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