Next step: Outsourced markets?

When just about everything is outsourced, what happens? It strikes me that in the market doing the outsourcing (i.e., North America) relative incomes go down because jobs vanish. And then consumer spending goes down. And revenue streams dry up for business. And business starts looking for new, more vibrant markets.

If that is correct, then it seems like just a matter of time before business focuses on the markets that are growing – the markets the outsourcing has gone to, such as India.

But then, doesn’t the same process happen all over again? To reduce costs, business outsources to North America, where labour costs will be really low by this point since no one has had a job since they can’t remember when … and you get another market shift, back to where all the shifting began in the first place.

Does any of that make sense? Or is it just convoluted gobbledy gook?

Like so much in human activity – politics, business, relationships, what have you – it all comes across as an ongoing shell game. If it is, does that make us the rubes?