I think this chart says it all. American workers are not productive.
You get more production value for your dollar in China and Mexico.
Further automation and robotizing of production is the only way to regain lost market shares. Obviously, automation and robotizing will create new hi-tech jobs. In the long run, low labor wage countries are doomed as they will lose much of their export market.
The low skilled American worker will not be invited to the party.
I have no idea what we will do with all these surplus people -- don't be one of the disposables
