Those foreign bike manufacturers are definitely making a profit or would not stay in business. Yes Trek, Cannondale, Specialized etc make a profit from the bikes they sell but so does the actual manufacturer, no matter where located. The ex employees who used to build bikes here though are the ones who are SOL.

The big problem as I see it is that manufacturing jobs are rapidly disappearing here and those historically have been some of the best jobs to have for the working stiff as far as wages are concerned. More and more jobs are in the "service" industries and they have historically paid poorly in comparison to manufacturing jobs. We cannot all survive long term by doing one another's laundry.

I have seen some articles indicating that if trends continue the younger generation is going to have a decrease in their standard of living, the first reversal in living standards in American history.

So far as I know you cannot even buy a domestically made TV any more just as a for instance.