Which can also be blamed on Reagan specifically and the larger "trickle down" movement he inspired, which gutted protections for unionized labor and badmouthed unions in general so they became a dirty word in American politics, only very recently finally getting back at least some credibility.
That old meme comes to mind where someone is like "my hobby is putting Reagan's face on graphs of economic data the year he got elected" and watching everything just go completely tits up after that point.