Nor is this the Summer of Love

It has become an obsessive fantasy amongst some to look back at the past as a paragon of a more perfect civilization when the “common man” was king and responsible for creating wealth in the form of manufacturing. In such nostalgic dreams, America produced manufactured goods, which was the sole measure of cromulent wealth (according to the labor theory of value), but fell into perpetual decline and civilizational collapse when out economy ceased being dominated by unskilled laborers who could live like kings without those icky college degrees.
This is the nostalgia of those who seek prosperity by trying to recreate an idyllic past which never really existed. By wrecking our current economic situation and forcing the economy to once again be dominated by the employment of laborers in manufacturing jobs, people will be freed from the evil transnational corporations and white collar oppressors by once again elevating the blue collar working class as the ruling class. Case in point:
In 1971, the high water mark for working-class wages, manufacturing was 25% of the U.S. GDP. Today it's 10%. Everything Trump is doing with tariffs and immigration controls is to give the American worker a shot at the American Dream again after half a century of…
— Batya Ungar-Sargon (@bungarsargon) March 11, 2025
First of all, this is factually incorrect.
This talking point might have worked in 1995 (prior to much of automation and globalization kicking in), but production and nonsupervisory worker wages are up over 40 percent since then.
Chart credit: @MichaelRStrain https://t.co/Pwse9QDfJP pic.twitter.com/6T5MQr42QW
— Garrett Watson (@GS_Watson) March 11, 2025










