The reason all the factories left the US is because of unfair Chinese currency manipulations. The Chinese have pegged the Yuan to the dollar at a rate of 6 to 1

The reason all the factories left the US is because of unfair Chinese currency manipulations. The Chinese have pegged the Yuan to the dollar at a rate of 6 to 1. Since the dollar defines unit labor costs, what pegging the Yuan means is a CEO gets 6 Chinese workers for every 1 American worker. It's really like 4 to 1 when you take into account shipping costs for Ocean and Air freight. Other countries do not enjoy most favored currency status. In other countries, the value of the dollar would change if we had a huge trade imbalance which would eventually equalize. But not with China. But pegging the Yuan is only half the problem. The bigger problem is artificial intelligence and automation. With automation, every job becomes menial and corporations can pay less wages. And eventually, corporations will have total automation where workers are no longer needed. But workers are also consumers. And without consumers having money, our economy will collapse. So every year as we move closer to total automation the workers are begin driven closer into poverty. At some point, to prevent total economic collapse, there needs to be a new source of income for consumers. Consumers need to become the new workers doing the hard work of consuming. Consumers need to be paid for consuming is the only answer for ensuring enough economic velocity so everyone has enough money to get their needs met.