Until they stop idiotic regulations, high taxes and government mandates, unemployment is going to be high
You can eliminate all taxes and all regulations and we still can’t compete with $2/day labor.
Communist China taxes their firms 90%. That’s why they don’t buy much from us. The Chinese government takes it all and then buys our debt or worse buys more firms to dismantle and ship overseas.
90% taxes aren’t keeping them from being competitive, because the labor rate is so low.