Is America Exporting Less GDP Components
Due to the economy today, the US has recently been shipping fewer exports out to other countries, and they have been relying more on the outside world, in order to have goods shipped into the states, in order to have products and services sold to their consumers. Not only that, but even work is being taken to other countries, and the job shortage here in the US is also do to the slow economy, and the lesser pay that large companies can pay to 3rd party countries, and the workers who are willing to do the jobs for much lower pay, and these large companies do not have to even pay minimum wage to these employees, as they would be paying here, if they had hired local US workers instead.Is this new to you? Catch up here
So, during these slow economic times the US has greatly relied on other countries, and has taken a back seat in the exports and imports market, and relied on other countries to do the work for it. So, until there is a clear sight of things getting better here in the states, we can probably expect this lagging in exports come out of the US, and the high imports coming in.
