Hey What’s That Sound?

It’s not the “giant sucking sound” that Ross Perot predicted would signal the drain of millions of American jobs to Third World countries.  It’s true that many U.S. workers in manufacturing industries have seen their jobs vanish, and that the U.S. workforce has been declining for more than three years.  But the problem isn’t foreign competition with cheaper labor.

Instead, the reality is that manufacturing jobs are disappearing throughout the world, not just in the U.S.  In fact, from 1995 to 200.....