There is no labor party in America any more..... There use to be, what happened??
People own stocks.
People who own stocks want profits.
Corporate boards slashed costs in order to get the profits that stockholders wanted.
They slashed labor and regulatory costs by moving production to countries with strong governments that are amenable to bribery, and took advantage of weak labor laws, weak business regulation, low taxes, and lax environmental laws.
People consume goods.
People want low prices.
Corporate management slashed prices to levels that people found acceptable in order to get the market share that earned the profits that stockholders demanded.
They slashed production costs by moving factories to countries with strong governments that are amenable to bribery, and took advantage of low wages, weak labor laws, weak business regulation, low taxes, and lax environmental laws.
Unions wanted higher labor costs and fought for higher wages, increasingly expensive safety regulations, and costly benefits for their members.
This put them at a competitive disadvantage with non-union labor.
First production moved to the South, which had workers desperate for jobs at any price.
Then production moved offshore to foreign countries with strong governments that are amenable to bribery, and took advantage of low wages, weak labor laws, weak business regulation, low taxes, and lax environmental laws.
Corporations found that through automation and offshoring, they could sell goods more cheaply and gain market share while maintaining the levels of profitability that stockholders demanded.
Unions became weak and can no longer offer anything of value to politicians. Not money, not guaranteed votes.
Trump promises workers that he will reverse history and safeguard their livelihoods, and they are desperate enough to believe him.