Either American living standards must continue eroding at a shocking pace, or the costs of these living standards must come down accordingly in order to give American workers a chance to compete for jobs.
Poverty carries an emotional and stigmatizing price. It's losing teeth at a young age because a $600 root canal or 50% co-pay is unaffordable. It's not being able to afford to pay a $50 fine for a traffic violation, and ending up in jail.
William H. Taft suffered from a condition probably most relevant to modern Americans - hyper-obesity. He weighed in at over 400 lbs. This condition caused hypersomnolence - he'd fall asleep mid-conversation, sometimes with foreign heads of state.