ABSTRACT
The United States (U. S.) shared the wealth of its consumers, taxpayers, and workers with its allies, which resulted in broken promises for consumers, workers, and taxpayers, but the corporate sector remains healthy. A steady decline in the purchasing power of the majority of jobs in the U. S. is indicative of a relative loss of high-paying jobs resulting from the Soviet-containment policies. Concerns about relative loss of U. S. manufacturing employment are dismissed by many as they say developed economies are not manufacturing but service economies. Societies function as long as broken promises are limited to consumers, taxpayers, and workers but become dysfunctional when the corporate sector cannot pay its bills or pay adequate returns to stockholders. Many assume that if consumers, taxpayers, and workers suffer broken promises, corporate America must also experience broken promises. The U. S. needs major growth in the knowledge area to offset relative losses in conventional manufacturing areas.
