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It is very true that our government has contributed to the problem. Mostly in manufacturing. Environmental regulations have gotten so stringent that companies c
by goggles99 14y ago
It is very true that our government has contributed to the problem. Mostly in manufacturing. Environmental regulations have gotten so stringent that companies could not compete with imports. Thus came a major shift. Manufacturing used to make up a huge portion of jobs and middle class income. It also cost business owners more than they currently spend importing goods from China.
So there you have it - less money and jobs for middle class and more money for the wealthy importer. Thanks US Government for not only allowing this to happen, but for encouraging it with your environmental restrictions, high cost of employees (far beyond their wage) and wide open trade with China who devalues their currency so no-one can compete :(