Once Detroit was a thriving city, now not so.
Ss more good are made by workers on $2 an hour, our customer base shrinks. Yes, we still have money to buy lots of stuff made by people on $2 an hour. The US is now in debt to the tune of, 100%, and it's rising.
This is why people can keep buying goods made by those $2 an hour workers. Should it ever end. Look at Greece for an example of what happens. Of course, the 0.05% will be fine, instead of being worth a 100 million, they will only be worth 80 million.
Look at US debt in the long term.
Falling fast until Reagan, who it's claimed was a great President. now match those figures to trade balance. Yes, everything is fine while the credit cards work. Try living without them.