Our economy cannot survive on service sectors jobs alone. Without someone actually making something then what is there to repair or to service and to sell to other nations?! We have become one of the worlds largest debtor nations in just over 4 decades and it isn't getting any better any time soon. What a shame.
That is what Free Trade will do for a country like ours. Ruin it.
We're still the #1 producer in the world. What we don't have are labor intensive industries. That's simply because we are currently the world's leader in mechanization, automation, computerization, and robotics as those processes are realized in the installed base.
Even white collar workers have been left unemployed by computerization.
You can't train T+D makers that don't have advanced math skills, and even then it takes a long time. You can't run a Mfg plant without someone there that can quickly make parts to repair tooling, and there are damn few of them out there.
What we have today are tool sharpeners and parts changers with Journeymen T+D cards. Most of them couldn't ‘Make’ a die with a gun to their head.
With JIT Mfg of today you can't wait to send everything out to a specialty T+D shop to have parts made, and you can't afford to have spare parts for everything that might break.
We are screwed until that changes.