General Discussion
In reply to the discussion: The Rise of Donald Trump is a big flashing neon sign that something is very wrong in this country [View all]Kablooie
(18,645 posts)But I know personally in my industry jobs are disappearing at an ever increasing rate and being sent to India and Asia. Many people I know trained their whole lives to be skilled enough for these jobs just to see the jobs dry up and be sent overseas. They are left to to take low skilled jobs that don't bring anything like the income they expected from their rigorous training.
You're correct that the profits are not passed down to the workers but industries are moving towards eliminating workers (in the US) altogether because labor can be found so much cheaper in other countries and US government incentives do nothing to discourage this.
It used to be that competition for labor was limited to our own country. Now we compete with the whole world and American workers won't be competitive until our living standards and salaries are brought down to third world levels.
Unless the government decided to do something about this.
Trump says he will. He's lying but the people who now can barely make a living have decided that any kind of change, no matter how incompetent, is better than continuing the status quo.