The rise of globalization, the rise of finance capital, the elimination of the manufacturing base, the decimation of the working class, particularly in terms of those who had some comforts that approximated what the middle class had.
Before Trump, trade policy ceded our manufacturing strength to foreign nations.
Unfortunately, we have lost our manufacturing capacity.
Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.
Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.
What we have seen for a very long time is large corporations shutting down plants in this country, plants that are often profitable, in order to get cheap labor all over the world. And that is one of the reasons why the middle class in this country is disappearing.We have lost our manufacturing base, and that's an issue that has got to be dealt with.
Back in the '80s and '90s, when GM was consistently posting giant profits, they were simultaneously firing tens of thousands of workers in my hometown of Flint and across Michigan.
Industrialization came to England but has since left.
We're not going to let our companies be raided by other countries where we lose all our jobs, we don't make our product anymore. It's very sad.
We're losing our companies; we're losing jobs; they devalue us out of business - China and these other countries.
Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.
The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.
As we lose manufacturing jobs across the country, the burden falls disproportionately on Black Americans.
The loss of manufacturing jobs is a sign of economic health.
The most powerful recent innovation in government is when states aggressively use community colleges for retraining. In Michigan, where large numbers of workers were displaced from the manufacturing industry, we created a wildly successful program: No Worker Left Behind.
I think of what's happening in Detroit as part of something that's much bigger. Most people think of the decline of the city as having to do with African-Americans and being in debt, and all the issues like crime and bad housing. But what happened is that when globalization took place, following World War II, Detroit's role as the center and the symbol of industrialization was destroyed. It wasn't because we had black citizens mainly or a black mayor; it was because the world was changing.
Listen, were losing so much manufacturing, all over the United States.
In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.
Pittsburgh has this rich industrial past, when it was the heart of the U.S. steel industry, and it burned out as the industry burned out and moved elsewhere.
We've lost 3,000 jobs in Beaufort County. We've lost half of our manufacturing workforce.
What's a major concern that people, major grievance Americans lodge? It's, we don't make anything in America anymore.
I'd grown up in a working class neighborhood in Baltimore, a place hard hit by the offshoring of numerous heavy industries - steel, textile, shipbuilding.
We have the British motor industry as a role model for what happens when you try to save an industrial dinosaur. Britain was the first country to industrialise and the first to de-industrialise. We should learn from this.
America's moved so much of its production and manufacturing offshore, it's become a nation of middlemen.
Everyone is concerned about manufacturing in this country.
