Are you sure you want to delete this post?
New look at economics. The economist, financiers, politicians either deny, are afraid to say, don't know or are intellectually prejudiced to objectively define the loss of jobs to foreign countries. My opinion is the discretionary spending money of the working class has been reduced to such a degree that people now consuming less with less money started shopping price instead of quality. No money to spend shrinks the economy. The trend continues in the same way today. There is no other before the fact reason that would substantially cause the loss of jobs. Warren's article below substantiates the job loss to decreasing discretionary money without saying so. I believe I am the only one to present the spending money idea. Don't let that prejudice the discretionary money relationship.
Harvard Magazine by Elizabeth Warren
"During the past generation, the American middle-class family that once could count on hard work and fair play to keep itself financially secure has been transformed by economic risk and new realities. Now a pink slip, a bad diagnosis, or a disappearing spouse can reduce a family from solidly middle class to newly poor in a few months.
Middle-class families have been threatened on every front. Rocked by rising prices for essentials as men’s wages remained flat, both Dad and Mom have entered the workforce—a strategy that has left them working harder just to try to break even. Even with two paychecks, family finances are stretched so tightly that a very small misstep can leave them in crisis. As tough as life has become for married couples, single-parent families face even more financial obstacles in trying to carve out middle-class lives on a single paycheck. And at the same time that families are facing higher costs and increased risks, the old financial rules of credit have been rewritten by powerful corporate interests that see middle-class families as the spoils of political influence."