The build up after the second world war was partly a matter of using those destroyed countries as opportunities to get cheap labour, but as soon as they became more expensive Americans but also European industry started to look at the East-bloc countries, and when they became integrated in the re-united Europe and became more expensive, so the industrialists started looking at Pakistan, India and China, to let people work in very bad conditions and have child labour for not much money, enabling them to gain much more and charging quite a lot for very cheap goods, pretending it is high quality and a brand product with a name to count, knowing that the consumers do want to pay for the name and are not so much interested where the product comes from, by whom it is made under which conditions. They are taken by the capitalist dream, which they do not see can burst very soon as the soap bubble.
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2014 update:
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aquariuswolf replied on July 25, 2013 at 8:06 pm:
Industry is also having another round of mechanization, meaning that factories (which produce cars and high tech goods) are requiring less and less workers to operate, technicians are in demand whereas semi-skilled and unskilled labour is not. Unemployment will not decline, unless education becomes more affordable worldwide.
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