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This Is the Moment We Find Out if Trump Is for Real
They want onshoring of factories/jobs but that means higher prices for products produced here due to cost of labor. Automation is probably the only way to keep prices down to compete globally. Until they find a way to really raise average American workers pay all the other stuff will not work. Who's going to buy the inflated made in America products if the minimum wage is $7.25. PS: Union busting is not going to raise workers pay. National healthcare would actually have a huge impact on the above but money talks and current insurance companies are not going to give up their golden egg easily. rambling thoughts....
Onshoring of manufacturing, in my opinion, would take a generation: a "lost" generation of feeble statistical economic growth, inflation, and with young people's expectations for a better life hammered into the ground. The reversal into domestic manufacturing via more automation will reduce job prospects. Union busting is a tool used by uber-wealthy slimebags with no heart or soul. I see in the news that Boeing is just lately hiring scabs.
The onshoring of manufacturing requires huge investments of capital and it will it take considerable time. If onshoring does indeed occur, it likely will not lead to an appreciable increase in jobs. Automation will be widespread in these factories/plants.
It will take a long time to pan out, certainly ... if it ever does. What is the incentive for the massive corporate investments required, given long planning and construction time, with all the complete unknowns of several years in the future? With some of those years being a likely Great Recession II, or worse? With the U.S. being an untrusted quantity in the rest of the world? With so little room for public investment given the extraordinary debt piled on from the tax cuts for the superwealthy (Reagan, Bush, Trump twice)?
What trump is about is enriching trump and exercising power for his feeble sense of self. And to think there might be a grand design is the ultimate act of self delusion.
It is not the end of WWII, there are alternative markets now. America's wealth is still advantageous, but not critical, to the emerging economies worldwide.
What trump is about is enriching trump and exercising power for his feeble sense of self. And to think there might be a grand design is the ultimate act of self delusion.
The kompromat that Putin has on the Orange Fake goes a long way toward explaining a great deal of what's been happening.
It is not the end of WWII, there are alternative markets now. America's wealth is still advantageous, but not critical, to the emerging economies worldwide.
Exactly. And Trump has just managed to unite India, China and Russia. Two manufacturing and economic powerhouse, with excess labor slack. And the third an energy powerhouse. They have everything they need to compete, far more cheaply, against a U.S. with zero labor slack and much higher production costs. Internationally, they will eat our lunch.
Iran and North Korea are examples of nations that were forced to build their own isolated economies. And we are doing it to ourselves. It will not be pretty.
As to all the comments about how long it will take, and the costs involved in on-shoring, it will be staggeringly destructive. Tariffs, the cost of automating and the maintaining all that equipment, along with the energy requirements, and rising labor costs for the jobs that cannot be automated will be very high.
Who really believes that TACO Trump can withstand that sort of economic pressure for the long haul? Or that swing voters will remain on board for years, to see if it works? The fact that Trump jumped right into this right after taking office, may be one of the factors that is his undoing. The full ramifications should be quite evident before mid-terms.
By year's end, will inflation be higher, jobs weaker and the stock market correcting bigly? We will know soon.
there will soon come a time when gop craze about epstein will go the way of musk. there is an overwhelming record of trump hanging out for years, and it wasn't for the jewish jokes.
there is no direct evidence of pedophilia by trump, and may never be. one may notice several suspicious deaths, and unusual treatment, of persons that did and may have 1st-person accounting (but no video evidence, so it becomes just another 'disagreement'). there is no sign of limits to rightwing spin regardless.
Automation will be widespread in these factories/plants.
No doubt it will be very costly over many years. Do we have enough talents to program and maintain these robotic manufacturing ? It took several decades to retrain the entire auto industry.
@Sven- an excellent question. With the recent reports of bright young college/university graduates in various fields finding employment to be very difficult right now I've been wondering if those minds are flexible enough to transfer into the new technological fields that are opening up.
Comments
If onshoring does indeed occur, it likely will not lead to an appreciable increase in jobs.
Automation will be widespread in these factories/plants.
Yeah there's no real there. Less than phony baloney.
Iran and North Korea are examples of nations that were forced to build their own isolated economies. And we are doing it to ourselves. It will not be pretty.
As to all the comments about how long it will take, and the costs involved in on-shoring, it will be staggeringly destructive. Tariffs, the cost of automating and the maintaining all that equipment, along with the energy requirements, and rising labor costs for the jobs that cannot be automated will be very high.
Who really believes that TACO Trump can withstand that sort of economic pressure for the long haul? Or that swing voters will remain on board for years, to see if it works? The fact that Trump jumped right into this right after taking office, may be one of the factors that is his undoing. The full ramifications should be quite evident before mid-terms.
By year's end, will inflation be higher, jobs weaker and the stock market correcting bigly?
We will know soon.
there will soon come a time when gop craze about epstein will go the way of musk.
there is an overwhelming record of trump hanging out for years, and it wasn't for the jewish jokes.
there is no direct evidence of pedophilia by trump, and may never be. one may notice several suspicious deaths, and unusual treatment, of persons that did and may have 1st-person accounting (but no video evidence, so it becomes just another 'disagreement').
there is no sign of limits to rightwing spin regardless.