Lee Spain said:
No one has solved the challenge of globalism. No major magic bullet will solve the problem either. All humans on Earth are 99.9% genetically the same. People overseas are just as smart as we are and in many cases a little more disciplined (people starving in the street tend to focus your mind on success in the workplace).
If we have a good idea here, it will instantly be transmitted around the world via the internet. Global corporations will seek the smartest and lowest cost provider of the good or service. A biotech revolution won't put 200 million Americans to work.
Seems tough problem. If we had protected US Auto makers from global competition, we would still be driving the 'modern' equivalent of such high-quality vehicles as early 1970's Vega, Pinto, Gremlin or Maverick. Paying thru the nose for the privilege. If we re-institute protections, the quality will begin a sag toward that previous level, while the prices keep heading up.
I would hope that the stable end game is NOT when USA workers have the same wage as the lowest-paying third world nation. That would be one way to regain competitiveness. I got curious about it about 10 years ago and called one of the economists at the local university, and that was his guess.