Upon reflection after reading the earlier commentary, I have to agree with you. As my wife also asked: “So, how does this explain Trump supporters who do not live in coal country?” I suspect it is a similar profile, individuals who find it difficult to adapt to shifts in an economy due to both globalization and technology and do not have the education and transferable skills to easily make these adjustments. I still struggle with how we can make this easier for people because people across the country face this same reality. While some individuals adapt by moving to where there are opportunities, pursue training and transform themselves, others, due to family ties refuse to move (understandably); have few training opportunities, and feel stuck…and angry.
After years of traveling to China I asked by friends there: “Has America simply exchanged jobs for shareholder value?” And they would nod affirmatively. Somebody, somewhere in America benefited from the shift of factories to Asia but it was the collectors of dividends and improved stock values, not the people who previously made the products here in the U.S.A.
In Germany, corporations face an exit tax. Sure, they can move their factories abroad. but the tax must be factored into their calculations. For some, this is reason enough to stay home. And for others, these tax receipts help retrain their workers. It is a “leave no worker behind” philosophy, and it’s high time we implement this approach in our country.