The problem is not that buggy manufacturers are going out of business, but that "buggy manufacturers are moving to the cheapest labor. There are how many billions of people, that do not live in the US, how can workers here compete and still afford a $200,000 mortgage. Or better yet, the rent to keep the man who owns the house from kicking you out? I guess we pitch tents on the Kings land, and sharecrop to eat.
The answer is and always will be...educate yourself in the skills required to remain competitive in the current climate and if that means you need to seek other employment or move to a different state to realize your full potential, then it's incumbent upon you to do so. It isn't the role of government to do this for you.
As to your "$200,000 house" comment....so what. Find a cheaper house in an area where they are cheaper. Learn to live within your means. Stop spending money you don't have or stop spending money based on an unrealistic idea of your future earnings.
You'll notice I use the word "you" a lot. That's because YOU need to learn how to control your OWN destiny instead of expecting others to determine your destiny for you; while at the same time expecting an outcome you "demand". That's the "responsibility" part of that "freedom" thing.
" $200,000 mortgage"
Wher I live, 200m is a down payment for a 3 bed 2 ba shack.
Course we got 3 illegal families in one home kickin up the rents
With lower taxes, tariffs, and regulations, private capital would be better rewarded for innovation and risk-taking, and we'd get more of them. That would produce the products and services and jobs of the future. Reagan's tax cuts and Milkin's alternative bond market fueled a tech expansion that created many of the jobs we're now worrying about. That will happen again, in unpredictable ways, if we reduce government restrictions further.
The transitions can of course be very painful, but going forward is the only way. With information technology and a liquid global capital market, it's now a very small world. We will never keep two billion Indians and Chinese on farms.
"but that "buggy manufacturers are moving to the cheapest labor. There are how many billions of people, that do not live in the US, how can workers here compete and still afford a $200,000 mortgage."
Simple. By being good enough at what they do and/or in a profession that can't be replicated by some low-wage worker in a 3rd world country.
Being world-class at what you do - whatever it is - is the best job security out there.