As I See It: How we got to now

Not long ago, America was the workshop of the world. We were world leader is all sorts of thing: clocks, appliances, firearms, cars, computers until we drove the cost so low and wages so high that the only way to go lower was to move production to places where labor was cheap and regulation minimal. We let our manufacturing skills go offshore in pursuit of lower prices that made more merchandise available to more people. That’s not all bad until you lose the ability to produce your own. That happened with memory chips, but we caught on just in time to not be totally dependent on Japan. Then, we made the same mistake with micro-processors, and you can’t buy a car.