Sorry, but I lived thru the 1940’s, 1950’s, and the 1960’s. Back when America actually made things, good quality things, back when anything stamped: “Made in USA” meant quality and when everyone in the world wanted it.
Back then we had 100 million less immigrants, no trade with communist china at all, no NAFTA, yet, anyone who wanted to work could get good paying jobs, and anyone with a college degree had their pick of dozens of places who wanted them.
YOu can talk “theory” all you want, but I know what America was like when we had a smaller population and back when we had “fair” trade instead of “free” trade, when we had trade tariffs to protect our jobs and our factories, and when virtually anyone could “max out” on their social security taxes way before the end of the year.
BTW, we also had very little debt, less traffic, no Soylent Green, and there was no such thing as road rage in America back in the good the old days.
The saddest part, is that unemployment in America is a choice. The people of America today are “choosing” to be more overpopulated/overcrowded via record immigration, and they are “choosing” to move all of our jobs and all of our factories to china, mexico, canada, etc. Overcrowding and the unemployment that goes with it, is a deliberate and intentional choice that today’s voters are making.
Q: IF you want too many taxes? too many people? too much pollution? too much government intrusion and too much government control? and not enough jobs?..**then keep doing what you are doing!!!
**
Bottom line: I am certain that my world of the 1940’s up thru the 1960’s was MUCH!!! much better, much more prosperous, more secure, much safer, and less crowded, than yours is going to be over the next 30 or 40 years!!!