Bullchit, and I think you know it.
Explanation: in the 70's I could buy an American-made Timex watch that would last around 20 years or more.
Now, I can buy a Chinese-made watch for much less, that might last 5 or ten years, if you don't drop it, or break it when you try to change the battery.
Our landfills are full of such junk.
With Americans losing their jobs to foreign slave labor, the cheapness of those Chinese junk watches keeps eroding with the erosion of our base wages & unemployment rate. Eventually, the Chinese junk watch sells...relatively...for the same percentage of your wages that the old-timey, American-made, EXCELLENT QUALITY watches used to sell for.
the result is a piece of shit watch for the same cost to you.
This, of course, relates to all consumer items & products. I've noticed, for instance, that a good quality, American-made watch, now sells for around $500.
This is in line with inflation... in 1977 a $25 Timex watch would sell for $494.86 today.
But wages have not kept pace. How many of you can afford a $500 watch?
In 1977 the median wage was around $13,000/year. This is around $53,000 a year after inflation is calculated.
The current median wage is supposed to be around the same, but how many of you actually make that much? How many people do you know that do?
The inflation numbers are garbage, and the unemployment numbers are garbage, too.
When you look at the average (which takes the unemployed into consideration) the average wage in 1977 was $9,779.44. This is $39,530.08 in today's dollars.
How many of you earn about that much? Probably not many.
You may argue that the average today is even more, but you know as well as I do that they have been cheating like crazy on the unemployment numbers that would drag that average down to the pits. they claim around 5% or 6% for unemployment, when the REAL rate is closer to 24%.
No, globalism does not do any good for any but the small number of the wealthy investment classes.