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A fact of life is that business does not care whether it is Americans, Chinese or any other nationality for that matter who are employed. Their main responsibility is to make a return on capital for their shareholders. Thus business will go to where ever they can maximize that return.
So sorry for American workers if the business environment is not hospitable for that capital to be invested in America. If Americans want jobs they need to make the business environment hospitable for that capital to be invested in America. Americans are not ENTITLED to jobs because they are special nor unique.
Americans seem to have forgotten that reality. BO and his minions especially don't get it. They think that they can heap upon business anything that they perceive is for the social good. The end result is going to be no more business and America is going to turn into the economic sick man of the world. Unemployment and rampant poverty is going to be the end result of their enactment of their perception of the social good.
Let us take a short look at the history of what made America so prosperous and the causes of its malaise.
1, WW2 destroyed or damaged EVERY industrial country in the world except America, thus it was American industry and its workers that got rich from the rebuilding.
2. By 1965 business had OPTIONS of where to invest capital as the world was now pretty much rebuilt and beginning to be developed. Thus America started to face competition for that capital.
3. What did America do but continue to believe in its own supremacy, and continue on as if nothing was changing. Further we kept on adding to the overhead that government is.
4. To maintain the illusion that America was supreme, America started to use debt instruments which over time has eroded its fiscal foundations. Till we get to 2008.
It was in 2008 when the illusion cracked that America was supreme. Now America realizes there are limits, and that Americans not only can't have it all, but will have to start doing with less. Yet some didn't get the message and their solution is for bigger government to right the situation. Further to accomplish that goal they have had to use debt instruments to try and alleviate the fiscal affect of not only competition but of those debt instruments that were used to maintain the illusion of prosperity. This is compounding the situation which if it comes home to roost is going to be to the detriment of the Global economy.
Now some might bring up Europe and Germany in particular as the stunning success of a model of social democracy to emulate. What they don't factor in is the following:
1. Germany after 1990 had to rebuild the East after the fall of the Wall.
2. Germany uses shorter work weeks and long vacations to hide underemployment
3. Germany has had a ready and willing consumer for its goods and services in America (among others), which presumably could afford it all.
4. Germany has not had to have a REAL military to defend itself, thus it didn't have to divert capital into an overhead expense and could presumably afford its social programs. It has relied upon America for its defense. Take for example German troops have not left German soil since WW2 except for their NON COMBAT ROLE in Afghanistan.
5 German and Euro debt in general is not exactly nothing and has the potential like the American debt to bring the whole house of cards down.
Further China is an export nation and without customers to buy their product,they become unemployed. One can ditto that state of affairs for most of the developing world.
One can see where we have been, where we are and where we are going. It is called the Arc Of History The problem is that the leadership on the Hill and the Street don't see it clearly at all. They are too consumed with day to day exigencies and or their own ambitions and misconceptions..
Time is passing and the water is getting deeper by the minute. If the leadership did see clearly and act with purpose they could at least ameliorate the damage if not the fall. However the moment of clarity may come too late to avert a dire outcome as too much damage has been done and the dire affect becomes an inevitability. We are fast approaching that moment. It is difficult if not impossible to gauge when that moment will arrive?