Why is USA ,the richest country in the world,10th [View all]
in GDP per capita. The people that took advantage of opportunity to succeed have taken their money out of the economy. Lacking money to invest in product for sale ventures our GDP suffers. Working class suffers because the people that succeeded through opportunity are now denying opportunity by not investing in products for sale businesses.
At one time the world clamored for Made in USA products. Products that were many times the costs of similar products made in other countries. What happened??? The successful took their money overseas to invest in factories to make cheaper products. That put people out of work here and the surplus of workers drove wages down. Incomes that shrank in the USA now had to shop price instead of quality. That put more people out of work and drove wages lower. That again raised the demand for cheaper foreign goods making investing
overseas attracting even more USA investing money.
Over seas did not take out jobs the wealthy here gave the jobs away. Reducing the USA standard of living, stagnating wages over 40 years and destroying opportunity.
Foreign countries did not take our jobs, our jobs were thrown at them by winners trying to make more money easier. Our country would be in prosperity if the winners did not quit the game, take their money and stagnate it or invest in overseas jobs.