Just a thought that came to mind because IIRC, most of why offshoring happened is because Americans refuse to get paid at the low rates that the Chinas and Vietnams of this world will accept, so because wages are one of a company’s largest costs, will any of this even work long term? I don’t think there’s as many ‘disillusioned men’ that will take up the jobs as people think, but I also absolutely understand a country needs to produce a lot of its own goods to counteract stuff like war after all.
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You don't recall it correctly. Americans shouldn't have to compete with slave labor. Offshoring happened because our government implemented a ton of environmental and worker protection regulations while not requiring foreign companies to meet these regulations. They intentionally priced domestic industry out of the market by doing so. It isn't possible to compete when both hands and both legs are tied behind your back.
Yep, they basically made it illegal to manufacture things in the US at any reasonable cost. The US is very much not free, as this video helps illustrate. Under the guise of "health and safety" they swept the rug from under everybody's feet.
You can't fish everywhere because otherwise all the fish would be gone. As for construction: taking shortcuts in constructions results in deaths.
Not in the short term, no. Depends on whether Congress is able to codify any of this into law, and especially with Tariffs, whether the next President continues the tariffs as is. If corporations are faced with the prospect of long term tariffs, then and only then will manufacturing start a CONUS return.
However, all that being said, this will, I think, enable small manufacturing start ups to compete again.
Some of it at least, but it won't be a one to one with how it was previously since advanced techniques and technology mean you don't need to hire as many to the job but America naturally has the resources to make it work.
More jobs will follow from those ones like food, services etc but it at least reduces the leaching China was doing.
A lot of manufacturing will come back, not nearly as many jobs though.
Do you think you could start a company selling goods on the web? Twenty years ago anybody could start a warehouse business. Today you need hordes of robots zipping around your warehouse sealing, labelling, and directing the boxes to even have a small chance to compete with Amazon.
We're on the cusp of this same kind of robotized disruption happening in all manufacturing. Not necessarily humanoid robots, which are a ways off, but ones that are easy to set up, train, that use AI to be flexible and adaptable.
Like Apple's hundreds of billions "Advanced Manufacturing Fund", do you think it's going to people turning tiny screws? That's all going to be robotized. That money is for the people who will build, program, and configure the robots.
None. Not unless there is a return to 1950s norms and a massive cut in labor and environmental laws. Neither of which will happen.