Here in the UK unemployment was rock bottom before the Pandemic, we only had a couple of hundred thousand people who had been unemployed for more than a year.
As for globalisation, the US became the dominant global economy how exactly? Protectionism, aside from being an autocratic intrusion into the freedoms of citizens, just doesn't work.
Take the US steel industry, a main target of Trump protectionism. Yes blast furnace employment is marginally up, but steel mill employment has been hammered because it largely depends on working imported steel. The domestic furnaces can't expand fast enough to meet supply, and don't produce some of the steels needed by manufacturing anyway. As a result manufacturers consuming steel are facing inflated prices and reduced competitiveness. It's unintended consequences all over the place.
As for globalisation, the US became the dominant global economy how exactly? Protectionism, aside from being an autocratic intrusion into the freedoms of citizens, just doesn't work.
Take the US steel industry, a main target of Trump protectionism. Yes blast furnace employment is marginally up, but steel mill employment has been hammered because it largely depends on working imported steel. The domestic furnaces can't expand fast enough to meet supply, and don't produce some of the steels needed by manufacturing anyway. As a result manufacturers consuming steel are facing inflated prices and reduced competitiveness. It's unintended consequences all over the place.