Now you are starting to understand. Yes, my widgets could move to China if I can't afford American wages and taxation. That's what's been happening since the 70's. As unions got more greedy, businesses moved away from them, even to the point out of the country.
So I have no idea where you dream up that the solution is to go back in time, and replicate what caused this problem in the first place.
Ah those greedy unions and our strong economic growth. That was so horrible. But ceos should make insane amounts shipping off jobs right? You are a funny one.
I love how you on the left always excoriate businesses. Back to the widget factory analogy: You and I own widget factories. We both need a highly talented and rare person to operate our finances, manage operations, oversee sales, and get new business.
So one comes along and applies to your company. He or she has a long history of success; taking companies that were just about to close, and making them profitable again, drawing new investors that allowed for expansion, reducing waste and adding productivity. This CEO wants 5 million a year. You refuse to pay that amount.
So now that CEO comes to my company, and I agree to pay him the 5 mil a year. Now he gets to work, and eventually takes your customers and brings them to my company. That's the reason I pay him 5 million a year, because he can make my company 10 million dollars more profitable a year.