The real problem is that very few companies these days are being run by working people. When engineers, mechanics, electricians and ditch digger founded and ran companies, they were satisfied to make more than they spent and took pride in making the best product they could for the price.
Then, along came the business schools. They started spewing out MBAs who began taking over operation of industries world wide. Soon, the workplace changed from well trained craftsmen who were proud of their work to dumb kids who will slop things together for the money alone. The front office was emptied of people who understood the product line and the needs of the people who bought it and filled with idiots who didn't care about anything but the balance sheet and the BS they were taught in school. The idea of making what the customer wants and selling enough to make a profit was replaced with the notion that a company must grow 12 to 14% a year no matter what. Of course, non-business majors understand that such a thing cannot be sustained over the long term. The MBA was told that it not only can, but must be done, even if it means exporting the jobs of all your employees or creating sham shortages to get your profit margins up.
Unfortunately, business majors also drive the stock market. "Oh no, US widget only made 5 million profit, same as last year. And Acme live bird traps only grew 10%. Dump all their stock quick!" And, there goes 2 more good solid American companies and 900 jobs.
