Alas Bebida... another idea pushed by trump turns out to be wrong..
This is to long to post all of it.. so only part.. still long and painful for you , but medicine is good for you. Follow the link and read it all..
https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-7The problem didn't start in the 1990s, it started in the 1980s, when Ronald Reagan — a hero of the Trump administration — was president, and neoliberal economics were first making their mark on policy. Reagan and his ilk distrusted government and believed that the private sector could make the best decisions when left on its own. You've heard about this — it's called laissez faire economics.
This ideology ultimately led to the financialization of the US corporation — the process of putting shareholders first, often at the expense of workers and consumers — and its emergence as an actor that takes resources from the economy rather than creating them. This, combined with a government zeal for lowering taxes rather than spending, means no one — not the government, and not the private sector — is investing enough in America to keep the economy strong across social classes.
In short: Government cuts and changes in how corporations operate mean American workers are getting screwed by their own government and their own employers.
But I'm jumping ahead — let's go back to the Reagan era. That was also the time Japanese manufacturers had developed a superior management style to their American rivals and, frankly, started eating our lunch.
Instead of keeping a wall between management and workers, Japanese manufacturers adopted “organizational integration,” which put technical specialists and shop-floor workers together. The result was better products made faster in Japan, and jobs lost permanently in the United States.
"From 1980 to 1985 employment in the US economy increased from 104.5 million to 107.2 million workers, or by 2.6 percent. But employment of operators, fabricators, and laborers fell from 20.0 million to 16.8 million, a decline of 15.9 percent (US Department of Commerce 1983, 416; and 1986, 386)."
All of this was happening amid a wave of deregulation in the US.
For example, in 1982 he made it legal for companies to repurchase their shares on the open market pretty much whenever they wanted. Previously, the SEC had considered this a form of stock price manipulation.
Employees lost their status.
Reagan's mission was to cut the budget — which meant not spending money investing in the future of these workers. In the decades after this process started, manufacturing workers would find their numbers diminishing as corporations sought ways to please shareholders, and the government sought ways to lower taxes and deregulate the private sector.
No one had their backs.
When corporations borrow money, one would think that money would go into investment in the firm. But according to the Roosevelt Institute, a left-leaning Washington think tank, since the 1980s, companies have invested less than 10 cents of each borrowed dollar. They've put far more effort into buying back stock which, thanks to the way executive compensation works, makes the C-suite richer and richer.
The world didn't take America's jobs, America let the world have them without investing in a path to new ones because politicians were more interested in tax cuts, and corporate America was more interested in short term gains.
That's the part of this sad story you won't hear from the Trump administration.
Alas Bebida... another idea pushed by trump turns ... (