Further adding to US economy woes are the tragedy of over 57,000 U.S. factories sold and having left the U.S. for other countries, primarily Communist China.
"Only about 9% of US workers are doing Manufacturing work. We need to return to those not that distant times when 25% of Americans were working in Manufacturing.
The importance of this is being felt every day across America. Especially in communities that have seen the factories leave and manufacturing jobs disappear with them
One manufacturing job in a community supports half-dozen others jobs: shoe makers, food stores, etc." See note four.
Knowing the how's and whys our government has allowed this situation of outsourcing and factory lose to develop is vital to understanding what needs to be done to fix it.
In 2001, China Joined the World Trade Organization and immediately began flooding American Markets with illegally subsidized imports.
When China joined WTO in 2001 it promised to stop cheating and play by fair trade rules:
Stopping currency manipulation, ending illegal export subsidies and to stop abusing its workers
President Clinton promised a bright future for American workers, MORE jobs and Equal Access to China's Markets. He promised that China will play by fair rules and help bring Democracy to China and the Chinese people.
Clearly, what President Clinton promised has not happened.
Communist China Is not playing by the rules, and our government is not doing enough to stop them. The Chinese people suffer from unsafe and low wage jobs and pollution. 16 of 20 dirtiest cities in the World are in China.
Being able to pollute is huge cost advantage. Ask any U.S. manufacturer who is obligated NOT to pollute. U.S. corporations moving to china do not have to deal with the environment protections that exist in the U.S. - See note four
America and American workers are paying the price for our government's failure to enforce rules that the Chinese Government agree to. This includes over 24 Million jobs outsourced and 57,000 factories gone and significant subsidized products being sent to the U.S.