Instapundit linked up this Contra Costa Times article that notes "offshoring" (which was called outsourcing just a few weeks ago) can go both ways:

While U.S. companies including Hewlett-Packard Co., the world's second- largest computer maker, and AIG Life Insurance Co., the world's largest insurer, have transferred white-collar work to low-wage countries such as India and China, more jobs are coming the other way, according to government estimates and trade analysts.

I can remember when Ross Perot predicted the "giant sucking sound" we'd all hear when NAFTA was passed. Quite the opposite seems to have happened (overall, at any rate).

I'm also old enough to remember when all the heavy industry in the "rust belt" collapsed in the 1970s. The apocalypse predicted back then didn't happen either, but I often wonder just what happened to all those steel workers. They certainly didn't curl up in their front lawns and die. How they coped with the trauma and dislocation would probably be very helpful for those in other fields who are going through it now.

I imagine we'd find out they dusted themselves off and got on with their lives. Since this goes against the media's conventional wisdom ("The common people are incapable of helping themselves! They'll die without government protection!"), I don't expect such a documentary to be screened any time soon.