When this is all said and done (and likely sooner than that), there is going to be a recession/depression in the world/US economy. This is not news, of course - everyone expects this despite the relief/stimulus packages being enacted. What I find more interesting - and frightening - is the prospect of what happens to the US when millions are without jobs and start demanding that the jobs provided by large American companies, which were previously outsourced, be brought back home to provide needed work for Americans. This will be interesting imo for the following reasons:
- It will bring into relief who really controls this country. If companies acquiesce and move jobs back home, then great. But I don't think they're going to do so outside of a government mandate, because that will erode their profit margins since US labor is more costly than its foreign counterpart. It will be VERY interesting to see if the government actually puts the screws to these companies and forces their hand, because if they don't it will show us very clearly that the tail is is wagging the dog in our society (for those who didn't already know). This being laid bare will have a disillusioning effect on huge swaths of the populace imo. And if in fact the US gov't doesn't compel companies to move jobs and operations back home in the face of massive unemployment/poverty, then...
- ...we come to the frightening part, which is the very real possibility of violent civil unrest or even a revolution. If millions are out of work and unable to provide for their families, and the government clearly demonstrates that it is more loyal to large corporations than to its constituency, I can easily see things turning very ugly, very quickly.
This push to return jobs back home will be aided by the lessons learned and what we've all witnessed during this crisis: that dependence on foreign nations for essential products (drugs, medical supplies etc.) is shortsighted at best and deadly at worst. So I'm keeping my fingers crossed that the gov't will be on the right side of history on this one when the shit hits the fan in 2-6 months.