Ever notice how the high cost of wages in the USA combined with RORO car carriers (https://en.wikipedia.org/wiki/Roll-on/roll-off) to lose 85% of the UAW jobs in the USA?
They allowed very low cost sea transport to the USA. The UAW constant striking for wages, perks and pensions (now close to $75 per hour)and other labor restrictive rules threw away 85% of their members jobs.
This was an unintended consequence of greed and management parallel avarice who just upped the cost of cars by passing it to us. Now most people can own only used cars. The net effect also increased all other US wages - all of which now come home in spades. Furniture and matresses, locally built items can still be US made.
Remember - a bad job has low wages. I high wage job can also be bad - to the economy.
Yep, there is absolutely no way whatsoever policy could have prevented that from happening. It's all the fault of workers and there is no choice but for all of us to reduce our standard of living to compete with the world's most destitute places.
Remember - a bad job has low wages. I high wage job can also be bad - to the economy.