Now with technology plants and jobs being exported overseas, the massively shrunken industrial base in America is exacting its toll mercilessly. Workers today are forced to pile into the already over-crowded lower paying service sector, pressuring wages further. Owners of companies in the service sector see their profits squeezed by ever more competition.
In short the economy is seriously out of balance and overweighed in the service sector. When manufacturing and technology were strong in America there was an incredible synergy between all sectors of the economy which feed on itself and produced wide spread prosperity. There were no trade deficits only trade surpluses, people saved, life was good for the vast majority of Americans.
If America wants to remain the worlds superpower in the next century it has only one choice....reindustrialize. And that means junking One Way free trade, in favor managed trade and tariffs. It means going back to the things that used to work in the country and made America into the leading economic power.
You are kidding I hope. Under your idea there would be no incentive to produce anything that works, like in the Communist countries.