Article was better than I anticipated. Here’s one answer, “More so than in the past, many American-based corporations earn a great portion of their profits overseas.”
Good answer. Unfortunately, that doesn’t help American workers.
The fundamental “problem” is this: Technology enables us to produce more stuff with fewer and fewer people. And technology is getting better all the time.
The result is that We (the Human race) can now produce enough to survive without everyone taking part in the workforce. In many ways this is good, but someone needs to give people money to buy the things being produced. This costs a lot, especially in the West where people demand high living standards. And we don’t let people starve. So...we try to make up the slack in the public sector, which involves borrowing $$ we don’t have.
Another solution is to warehouse people in Academia until the jobs open up. But, more often than not, what you end up with is very highly educated people who can’t find the work they feel qualified for (entitled to). That is a recipe for trouble and revolution. Its a big factor behind what you see happening in Egypt, Greece and Spain.
Because of the falsely named “free trade”. And don’t you for get for a minute that the US taxpayer is subsidizing all this, the few that are left.