I read an in depth report a few years ago that focused on the effects of our outsourcing (will look for it) but its findings were basically this, Americans would currently have approx 40% less in physical goods for the same amount of money. Outsourcing gave the US economy and its citizens a big boost which started in the 80's and into the 90's as a result of the influx of cheaper goods. Consumers had more purchasing power and more cash to do it with. It was a time of greater wealth for your average citizen, short term it seemed to greatly benefit Americans.
However in the long term (which I believe we are in the transition of now) we will in fact lose overall wealth as our middle and lower class jobs are moved overseas. The lose of national income will begin to out pace the earnings saved by cheaper goods and the only people that will prosper in the long run will be the wealthy who could afford to move their businesses overseas, for the rest of us it will be a gradual downhill slide.
"If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner."
H. L. Mencken
US businesses could not be forced to return manufacturing to the US for a myriad of reasons.
The higher price of US labor would drive up prices, curtail consumer spending power, and spur inflation.
Increased business costs due to higher labor would drive prices through the roof, and reduce available capital for asset purchases and business expansion - there would be no demand for expansion, as business would reduce investment in human and non-human assets due to plummeting sales and profits.
There would be no 'rebound' - it would be catastrophic failure of the US economy as reduced consumer purchasing power would severely reduce consumption, business would cut back labor forces due to reduced demand, and furloughed workers would drain governmental resources.
Rudimentary economics textbooks would help you to understand some of these basic principles.
Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
Baby sister, I was born game and I intend to go out that way - Rooster Cogburn
It should be considered Patriotic when it takes jobs away from supporters of Liberals and other socialist based ideologies.
I personally try to Buy American, if I know it is from a Right to Work, non-Liberal loving state. I don't see supporters Unions, of the EPA and "Nannie Government as being American. The only ones who really need fear competition are those who are losers who know they cannot compete.
Be sure to work hard and get lots of overtime. People on welfare want more steaks and free upgrades to smart phones with unlimited data packages.