I’m not really sure what you’re saying. People have complained about “out-sourcing” jobs to China or India for a long time, because it means unemployment or fewer/lesser paid jobs for the people in america. Which, i guess, checks out economically. People have asked for labor to be “home-shored” (brought back to america) so that they can have jobs again. I don’t see the problem?
And what about this point?
Even if manufacturing were to magically “return” to America, it would still rely on foreign trade networks/supply chains to supply the raw materials that America can’t produce in sufficient quantity.
What’s fundamentally stopping the people in the US from re-learning these things themselves? I don’t really see why that would be impossible.
no profit, dude
think of the capital expenditure required and potential profit gained as a percentage (it’s most likely negative unless tariffs go up by few hundreds or even thousands of percentages and all loopholes are closed), and that’s given the tarrifs stay, which is also unlikely.
No American will do that work at a labor cost acceptable to the American consumer. Even if you were somehow able to “reshore” those industries (can’t, not a knowledge issue, it’s a capitalism issue), they would immediately go under
What’s fundamentally stopping the people in the US from re-learning these things themselves? I don’t really see why that would be impossible.
How exactly do you “relearn” to have natural resources that you physically don’t have? Sure, you could process the materials that you need to use in America, but that won’t change the fact they need to bring in from overseas.
I’m not really sure what you’re saying. People have complained about “out-sourcing” jobs to China or India for a long time, because it means unemployment or fewer/lesser paid jobs for the people in america. Which, i guess, checks out economically. People have asked for labor to be “home-shored” (brought back to america) so that they can have jobs again. I don’t see the problem?
And what about this point?
What’s fundamentally stopping the people in the US from re-learning these things themselves? I don’t really see why that would be impossible.
no profit, dude
think of the capital expenditure required and potential profit gained as a percentage (it’s most likely negative unless tariffs go up by few hundreds or even thousands of percentages and all loopholes are closed), and that’s given the tarrifs stay, which is also unlikely.
No American will do that work at a labor cost acceptable to the American consumer. Even if you were somehow able to “reshore” those industries (can’t, not a knowledge issue, it’s a capitalism issue), they would immediately go under
How exactly do you “relearn” to have natural resources that you physically don’t have? Sure, you could process the materials that you need to use in America, but that won’t change the fact they need to bring in from overseas.