The US Faces Ignored Challenges

Paul Craig Roberts- My conclusion is that the United States is on a road to economic decline as it is being unmoored from its founding document and is undergoing a revolution.

For the longest time, Bureau of Economic Analysis jobs reports show that industrial and manufacturing jobs–jobs that have high value added and produce good incomes–are declining in the United States. For some time US corporate profits have been based on sending Americans’ jobs to Asia where labor  costs are lower.  The stock market boom was a product of low interest rates, which meant Federal Reserve liquidity, and reduced labor costs from offshoring.  It was not a sign of a vibrant US economy.

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https://thealtworld.com/paul_craig_roberts/the-us-faces-ignored-challenges