> The China Shock combined with America's threadbare social safety net starts looking more salient.
The threadbare safety net is definitely a huge driving force on that.
However, what we need to get past is "Your job is your worth." This needs to end. There are simply not enough "good jobs" to go around.
We have changed from the primary employers being US Steel, GM, etc. (manufacturing) to the primary employers being WalMart, Amazon, and UPS (logistics). The quality of job loss in changing from manufacturing to logistics is gigantic. And no matter how much manufacturing you bring back (which I think we ought to do as well), you will not easily reverse that.
The threadbare safety net is definitely a huge driving force on that.
However, what we need to get past is "Your job is your worth." This needs to end. There are simply not enough "good jobs" to go around.
We have changed from the primary employers being US Steel, GM, etc. (manufacturing) to the primary employers being WalMart, Amazon, and UPS (logistics). The quality of job loss in changing from manufacturing to logistics is gigantic. And no matter how much manufacturing you bring back (which I think we ought to do as well), you will not easily reverse that.