Chuck E. Cheese going belly up, and it's not about the virus...

[JHB]

10. It doesn't, but dealing with it is complicated and the provisions are relatively obscure...

...so the only people who lobby hard about it are the people who like the current setup and are pushing for more.

I'm not an expert, but my sense of it is that these games are responsible for most of the job losses usually blamed on "trade deals! NAFTA! RARRRW!"

When this subject comes up it's always instructive to break out the 1991 Philadelphia Inquirer series by Bartlett and Steele:
http://www.philly.com/philly/opinion/inq_HT_WhatWentWrong1991.html

DAY 1
How game was rigged against middle class

After three decades, American worker loses out to Mexico
Who - and how many - in America's middle class

DAY 2
The lucrative business of bankruptcy

DAY 3
Big business hits the jackpot with billions in tax breaks

DAY 4
Why the world is closing in on the U.S. economy

DAY 5
The high cost of deregulation: Joblessness, bankruptcy, debt

DAY 6
For millions in U.S., a harsh reality: It's not safe to get sick

How death came to a once-prosperous discount-store chain

DAY 7
Raiders work their wizardry on an all-American company

DAY 8
When you retire, will there be a pension waiting?

Workers saving for their retirement lose on junk bonds

DAY 9
How special-interest groups have their way with Congress

America's two-class tax system

This has been with us for a long time.