dollar for dollar there is your problem. one dollar in china will produce more goods than in the US.

for the OPs question.

I honestly don't know. I've taken upper division economics classes in college and I don't know. I can only hope (with fingers crossed), that those in charge now are making the right moves or will make the right move. I've no idea what the right moves are, but ask me again in 10 years and I can tell you exactly what they were h: