Companies are downsizing. Service industries are over populated.
The US is non-competitive due to high wages, the cost of regulatory compliance and high taxation. What made the US great is abundant low cost natural resources, that’s it, nothing else. Everything else is an off shoot of the root cause. Now that we moved away from using our resources and increased tax on income we are going down the hole. It has been a steady decline for 100 years and we are near the end.