And how do we do that? I don't know; I'm asking. How do we do that?
Worldwide, companies look for cheaper labor. As long as unskilled labor is in abundance AND cheaper overseas, I don't see an intelligent way out of it. If you make it so U.S. companies CANNOT use overseas labor - they will in all likelihood just pull up stakes all together. And they should.
We HAVE labor, here - but it ain't cheap. And it's looking to get more expensive. The way to compete - with labor here - is to automate and use much more skilled labor. That's oversimplifying a lot, but the only way to use the over-priced labor we have here is for their skills to exceed the ones overseas. They have to be more valuable, more productive workers. And they're just not.
Let's start with what you don't do; you don't have run away illegal immigration. As I pointed out, between low wages for them and benefits for citizens, you pay a good wage anyway. Plus, the money stays here plus all the attendant pluses of a citizen holding a good job plus all the attendant pluses of him NOT sitting around.
Demographics were about to become a windfall for the American worker starting about 20 years ago. He was about to be able to command better wages simply due to supply and demand. Both parties short circuited that. Add it all up, cheap labor is NOT cheap.
Next up, if an exec is motivated by stock prices, a balance sheet approach, rather than income and expenses, a profit and loss approach, his focus is on making money with money, not making money with products and services and quality and innovation. This leads to consolidation, too much too big to fail. Big entities do NOT improve quality and service. They reduce competition and end up costing more because of their monopoly powers. So, chop down too big to fail. Fight monopolies. Nothing is less American.
As for creating jobs here, Toyota has done it. VW, Mercedes. We didn't force US companies to deal with their own messes so, we, like illegal immigration, make room for the new while salvaging the old and it ends up costing the same but, with none of the benefits and all of the down side.
We have borders. A nation MUST control what goes in and out of it or it is not a nation. It must control people, products, services, all of that. It HAS to. In pursuit of shareholder value, we sell out our nation. Remember GE boss Jeff Immelt saying not too long ago that American's should be proud of him for creating jobs over seas thus saving GE? He didn't get it, how hollow that rang.
If there is a first step, it MUST be border control and that not just people. I've illustrated why 'cheap' labor isn't. So, coming to grips with that would be good, too. Lotta folks don't realize how TARP was, in some ways, more about bailing out other nations than our own. That just compounds a bad idea and makes it worse never mind how revealing it is how deeply messed up we are.
Of course, all of this is predicated on a 'USA first' mindset that most people don't agree with for the sake of globalization.