We were also told that the Cost Of Labor was excessive; that nobody could possibly survive $30.00-$40.00/hour (plus bennies) labor-cost in industry.
(We were told that by people who were paying up to $100 grand plus bennies to public school teachers, by the way. That was for their 9-month/year scheduled work.)
Well, on further review of the actual statistics:
...the Trump administration released a new study on Friday that shows U.S. value-added content is declining for manufactured goods imported from Mexico and Canada.