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"Ultimately, this is a failure of the mythology that when good jobs are lost to increased productivity (or outsourcing) they will be replaced by better jobs."

But these changes are usually made to reduce costs, and increase profits.

The real failure is where are these profits invested? If not in improved productivity and manufacturing, where? If not in the US, where?

If passively invested with the likes of Bernie Madoff, the result is not very productive. Or do banks and mutual funds p#ss it into the wind?
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