Regan started the move to decentralization. That meant the regulated industries that protected the interests of Americans were sold off to private corporations. Now, of course the efficiency in some of the industries was poor, hence the argument to deregulate. However, what has been the result on local jobs?
Take California, the nation's largest state, and the effect deregulation has had on the number of employed persons in the manufacturing industry.
Long before any economic destruction we can see a steady decline in the # of jobs in the manufacturing sector. Where did they all go? Well, deregulation means private firms have little regulation, duh, but also they can do whatever they want to get the lowest possible price and also the highest revenues.
That of course means taking jobs from Americans and giving it to the Chinese or the Indians.
That's where deregulation has taken us, the complete loss of the manufacturing sector. I could show other states with similar trends, but that would be pointless. Republican policy directly benefits CHinese workers while crippling Americans.
Notes: Data provided by San Diego Bankruptcy Attorney Cecelia Chen and dervied from RAND California data sets.