The truth is companies are being dismantled and shipped to mexico/accross seas leaving all levels of a company without jobs. Look at GM 10,000 white collar gone. It pisses me off that I spent all that money for my degrees to be screwed. Service industry is still the biggest growing and is getting flooded. Whether we like it or not we are part of this industry, thus more comp. So, dig in your spurs and ride this out is what I'm trying to say.
In my city, we had Chrysler, McWhite, Dynamatic,Snap-on,American Motors, American Brass,Simmons,Jockey all closed their ops here, down sized and/or moved out of the states. Some went to lower paying areas of the south. All thanks to Nafta.