Clinton killed it....
Perhaps we can go further and blame kissinger
Allowing China entry into the World Trade Organization was what killed USA manufacturing jobs.
NAFTA and the Giant Sucking Sound with jobs going to Mexico was the other major factor.
Between the two there was no reason for a corporation selling their product in the USA to make it in the USA unless the freight was prohibitive.
Yeah, “free trade” and other things.
Creation of the UAW didn’t help any. Pay someone $35/hr for 25 years. They retire and continue getting that pay for 25-35 years, plus benefits. Same as having paid them $70-80/hr for the 25 years.
Add regulations from the EPA, rules from OSHA. Call it $100/hr
Mexico $10/hr?
China $4/hr?
IMO===UNIONS
It all started going downhill with Carter and high energy prices. That and US car companies producing crappy cars and union strikes.
nafta and wto ensured the continued decline with MFN status being granted to China in 96 an insane EF you to the middle class
Plus,
l: U.S. agrees to sell supercomputer to China, officials say Administration aims to embrace, not isolate, Beijing. By New York Times News Service UPDATED: October 24, 2018 at 6:41 PM EST
WASHINGTON — In a good-will gesture toward China, the Clinton administration has agreed to sell it a sophisticated $8 million supercomputer, senior administration officials said yesterday.
The decision is part of the administration’s strategy to embrace, rather than isolate, China despite disagreements over human rights, weapons proliferation and trade. The Clinton administration is determined to grab an ever-larger share of China’s market, the fastest growing in the world, and reduce a trade deficit that could exceed that with Japan by the end of the decade.
Even more significant for American business, the administration has also decided to lift the ban on important components for China’s nuclear power plants, such as generators, senior Commerce Department officials said. That could mean billions of dollars in sales for General Electric Co. - https://www.baltimoresun.com/1993/11/19/us-agrees-to-sell-supercomputer-to-china-officials-say-administration-aims-to-embrace-not-isolate-beijing
Clinton killed it....
—
and replaced it with what was called a “service economy”.
George W Bush is a traitor to humanity. He killed what was left after CLinton did his thing.
