Rust belt

Private investment in construction spending has been on the increase since 2011 when it was $500 billion and $1570 billion in 2023. This is expected to continue to increase over the next ten years as the US industrial complex must replace foreign imports as the country brings manufacturing jobs back home. This is being encouraged by both the Trump and Biden administrations as they increase import taxes primarily on Chinese goods. This is a reversal of the global policies that hurt the manufacturing sector over the thirty years between 1980 and 2010. This was the time when corporate profits rose by using cheap and sometimes slave labor to make products in China. This was the time when CEO salaries went from 42 times the average hourly worker in 1980 to 365 times in 2020. While this was going millions of good paying union jobs in manufacturing were sent overseas resulting in the rust belt in Middle America. All the time this was going on politicians were claiming they were backing the working man. This was exemplified by Teamster President Sean O'Brien who said "I'm a Democrat, but they have f---ed us over for the last 40 years," O'Brien said during a sit-down with Theo Von for the comedian's "This Past Weekend" podcast. "And for once — and not all — but for once, we're standing up as a union, probably the only one right now, saying, ‘what the f--- have you done for us?’" He went on to say, during the past two years the union has given $15.7 million to the democrats and $340,000 to the republicans. Many Blacks and Union members feel the democrats have taken their support for granted.