this post was submitted on 08 Nov 2024
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Yeah, how can people not see this? The "American Dream" and times of middle class prosperity were very obviously before China opened its economy and became the new industrial hub of the world. And when off-shoring started, so did real wage stagnation/decline.
Selling the declining American middle class plastic toys did not "make" that class. What made it were stable well paying manufacturing jobs. Trump won't bring those back with a trade war with China, but the claim that Chinese labor "made" the American middle class is just delusional.