Judging by the date in your screen name, you're the same age as me. I too remember growing up and watching as more and more imported goods gradually started replacing goods made in the US. In the early 80s, "Made in Hong Kong" and "Made in Japan" were code for cheap crap. I remember my mom and dad buying me a TV for my bedroom in 1984 - it was a Samsung and I remember thinking "Who the hell is Samsung?" I needed a TV for a computer monitor (C64) and I am sure that was one they could afford and it did turn out to be a decent TV. But I digress....
And then we got to the 90s and Clinton signed NAFTA and promoted China's entry into the WTO. Did anyone seriously believe this was going to help the middle class? Perot and others warned us what would happen, but the politicians insisted America's future was being the managers, designers, litigators, "creative thinkers," etc. and education would elevate the middle class. It was a foolish idea. Foreigners aren't dumb or less creative than Americans; the differences between us are largely cultural and this difference is disappearing. What are the politicians going to tell us when China and other countries are doing all the design, management, etc?
The only thing that happened is middle-class jobs got shipped overseas and in the process, tuition soared and this huge student loan bubble has been created. There is an oversupply of certain "advanced" degrees that are quite frankly useless (I'm looking at you, MBA) for 95% of all jobs out there. And now, the education house of cards is teetering on the edge. What will politicians tell us next? "Well, uh, yeah, you just need MORE education and training!" The answer is not driving your entire population into hundreds of millions of dollars of even more student loan debt that will never pay off for the majority of them. The answer is for our politicians to remove their hands from the pockets of Wall St and the rich and to start passing policies that make sense and help middle America. The Democrats throw money to the poor, the Republicans throw money to the rich, and both pay nothing but lip service to the middle class.