The woes of American manufacturers have become a familiar story: Companies moved their operations overseas to take advantage of inexpensive labor. Cheap imports displaced U.S.-made goods. And Americans who could once rely on the steady paycheck of a factory job suddenly found themselves out of work and out of luck.
It is a story that has helped fuel the presidential campaign of Donald Trump, who has called for the United States to pull out of the free trade deals that defined the last generation of economic policy. It has also forced Democratic nominee Hillary Clinton to distance herself from an alliance with Asian countries that she helped craft.
Like any good story, the narrative is rooted in truth. But it is far too simple of a tale.
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