When a substantial portion of the voting public’s economic security is undermined, ALL Americans’ economic security is undermined. The shock waves of this impacts everyone. In addition to dealing with economic pirates like China and crony capitalists like Jeff Immelt who feed them, we need LESS government regulation and lower corporate taxes to encourage re-investment in America.
True. But we need to apply a tourniquet now!
BUMP!
What makes this especially bad is that a lot of these jobs are in what used to be called "high-tech" industries (IT, industrial engineering, applied research, etc.). Those are solid, educated middle-class workers, not textile mill or assembly line jobs. Traditionally, the large middle class in this country has proved the social and political stability we have had in the past. They are the basic threads that hold the fabric of society together. Slice those and the whole thing unravels. The economic security that the middle class has enjoyed is now threatened, and they see that no amount of striving to improve oneself, getting educated and willing to work extra hours for little or no pay, won't save them. And when they lose hope of building a better future for themselves and their children, the country is ripe for revolution, which may very well be of the Jacobin variety.