So, you are claiming the American Middle Class “priced itself out of business” ?
Here’s a really simple question: If American workers who used to earn a living wage have been reduced to “want-fries-with-that ?” jobs, WHO is going to buy the products our loyal corporate compatriots are selling ? (Or is that too “strident” and “leftist” a question?)
No, I am NOT arguing that the American middle class priced itself out of business. I thought I made that very clear. I am arguing that the American blue-collar, WORKING class, manufacturing workers priced themselves out of business, GM being a case in point. The price Americans are willing to pay for manufactured goods is not as high as the workers’ expectations. May I assume you would close the country to all imports in order to rectify this situation, even if it meant doubling or tripling the price of everything we consume?