Nations that invested CONTINUOUSLY in an educated workforce, handled globalization better.
Higher education in the U.S. grew from the 1940’s through the 1970’s – when American middle class did best.
Higher education in the U.S. began to top off — as we exited the 1970’s. Likewise, all the million of Americans watching the factories slowly die, in their small towns and cities, simply were not able to adapt to the high paying jobs that came next. Jobs and occupations which required HIGHER LEVELS OF EDUCAITON AND JOB SKILLS. Countries like Japan and Germany, and South Korea, invested and CONTINUED to invest in education for all. Their middle class remained the center of their economic model.
America, allowed her middle class (competitiveness and skills) to drift.
Fact source: Inequality for All