" … I thought liberals were supposed to support the working class."I’m not a liberal or a conservative (trying to separate them makes no business sense) and I deal with realities not political ideologies! We cannot travel back in time to undo globalization.The explanation of globalization I was taught in college decades ago involved exporting units of labor at the current US wages so that the other country could — ala Henry Ford — afford our goods, but the corporations decided, why bother … better margins right away; no waiting.Now one by one the countries we outsourced to are experiencing wage inflation — going to automation — and the advantage of outsourcing for cheap labor is disappearing.
" … I thought liberals were supposed to support the working class."I’m not a liberal or a conservative (trying to separate them makes no business sense) and I deal with realities not political ideologies! We cannot travel back in time to undo globalization.The explanation of globalization I was taught in college decades ago involved exporting units of labor at the current US wages so that the other country could — ala Henry Ford — afford our goods, but the corporations decided, why bother … better margins right away; no waiting.Now one by one the countries we outsourced to are experiencing wage inflation — going to automation — and the advantage of outsourcing for cheap labor is disappearing.