Answer:
False.
Explanation:
Massive job loss comes about from a change in the nature of work. For instance, how many indentured servants have you seen in the past year?
As we are in the information age, the boomer population has not been able to keep up with information demands. Many of the boomer populations still worked trade jobs and repretivive task jobs. Many jobs in the US, begun shifting away from US work source because it was too expensive. However, this does not mean that outsourcing is the "bad culprit" here. What it means, is that the US was not able to accomodate the boomer populations losing a big percentage of blue collar jobs. In fact, the specace that boomers has left behind is so big, that many young adults today are seeing a monopoly in the trading market, where there is not alot of applicants for industry jobs, trade jobs etc. Because factories needed to fill in these spots, alot of them ended up simply purchasing reobotic technology so that they wouldnt worry about this issue again.
Your statement is very misguided.
