NOBODY I've ever talked to, said, "Hey, see all these high-quality, made in the USA products? I'd really like to have my choices taken away and replaced with cheap sh!t from China that doesn't work, and have my job taken away so the CEO can pay for a fourth vacation home for his fourth mistress."
This started with the execrable vermin Jack "Neutron" Welch ("We didn't give them lifetime employment. We gave them lifetime employability.") and the cult of the infallible CEO...together with executive compensation being made up largely of stock options.
No, it started before that.
Since about 1971, the US GDP has approximately quadrupled.
And yet wages, inflation adjusted, are about the same.
Where did all the extra wealth go?
The few at the top.
Another counter example, troll.
The recent Boeing crashes. Sure saved a lot of money for the shareholders, didn't it.
I’m confused. So it’s the CEO’s fault?
Stick options makes him/her a shareholder.
From a purely economic standpoint if it makes sense to send labor overseas you could argue that not only should the CEO do it but he is REQUIRED to do it as part of his job.
Even if it’s douchbaggery, if it’s legal than you could argue it’s his/her fiduciary responsibility to the owners of the company, including the CEO.
If you’re talking about the lack of ethics, see #1 above.