General Discussion
In reply to the discussion: 50 Is the New 65: Older Americans Are Getting Booted from Their Jobs -- and Denied New Opportunities [View all]KoKo
(84,711 posts)is Exactly because of failure of our Trade Agreements and the Outsourcing that American companies did because they didn't want the expense of modernizing their plants to deal with the Pollution Control Regulations. So they blamed American restrictions on Pollution and Union Wages and got the hell out of here. The owners made money as they sold off the companies or just moved them Off Shore and continued on.
They felt they were too restricted (so they said) but opening China to the West really was a two edged sword that meant that low priced goods would come in with the anticipation of the job loss. So, imho, it was CALCULATED by REAGAN ERA Thinkers and continued by everyone who was elected since. Now...we've reached the "tipping crisis."