The GATT talks, Uruguay Round, in 1994, also had a great deal to do with shipping jobs overseas and destroying families and the middle class. The Clinton administration also pushed this through.
British industrialist James Goldsmith on the Charley Rose show in 1994, prophesies these disastrous effects. This was all a partnership between the multinationals and governments, in deference to corporate profits, to the detriment of the first world middle class. Good video:
https://www.youtube.com/watch?v=wwmOkaKh3-s