We didn't want young men to do anything. We wanted ever-increasing returns for shareholders, and that meant moving factories (where these young men's grandfathers were working 60 years ago) overseas while doing nothing on the whole to retrain the workforce. We got the shareholder returns. Too bad that can't buy a functional society for people born after 1980.
> We wanted ever-increasing returns for shareholders And ever-decreasing prices for consumers. Don’t forget that! Free trade results in more goods for everyone, by enabling different places to focus on what they do best. > while doing nothing on the whole to retrain the workforce. I completely agree that some more attention needs to be paid to retraining. The answer to disappearing jobs is to prepare folks for new on…
Except that's not happening for major purchases. Housing is more expensive than ever. Education is more expensive than ever. Healthcare is more expensive than ever. Cars and Trucks are more expensive than ever.
Besides taxes, the above are the biggest slice of the consumer's wallet, and those prices have almost never decreased. Shareholder returns keep going up, up, and up though.