The US is building factories at a fast rate
businessinsider.com
The US is building factories at a fast rate
1–10 of 309 posts
Re: The US is building factories at a fast rate
#2> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers
It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was
1. 50% tariffs on China, and
2. $100B of subsidies to chip makers and green tech...
The reversal of Reaganomics we're living through will become permanent for at least another generation, and for good reason. Maybe a good time to start a company selling to the government.
Re: The US is building factories at a fast rate
#3This is CHIPS and IRA at work, largely. The government decided we needed more manufacturing, paid people money to do that, and... now we have more factories and manufacturing jobs. People get all balled up over policy decisions like this because of politics, but the truth is that Keynesian economics is pretty simple to understand and it works exactly the way you'd expect it to work.
Re: The US is building factories at a fast rate
#4> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…
> solution to decades of economic misery for middle class blue collar workers was 50% tariffs on China
Who could have thought that manufacturing using western labor and laws, can't compete with manufacturing in a totalitarian regime with no respect for human lives/rights or the environment? /s
Free trade should only happen as long as the trading partners share similar laws and regulation on human rights and environmental protections, otherwise people and the environment get screwed for the sake of corporate profits, so tariffs should always be in place to level the playing field and prevent such exploitations.
Re: The US is building factories at a fast rate
#5> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…
Bad free trade deals likely did more than Reaganomics here. NAFTA + China-WTO accession really did not help American manufacturing.
Re: The US is building factories at a fast rate
#6There are many factors involved. Just to point out one, when the freeze and blackout hit Texas many makers of adhesives got stuck with volatile products in pipes and pumps. The reconstruction effort from that has been big enough that it is still going on.
Re: The US is building factories at a fast rate
#7OK, now we need immigration reform to actually get enough people to work on everything.
Re: The US is building factories at a fast rate
#8> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…
> Maybe a good time to start a company selling to the government
if only I knew what the government wanted to buy. Besides weaponry that is.
Re: The US is building factories at a fast rate
#9I'm not cheering the victory until I can buy a made-in-USA iPhone.
China totally outclasses the USA when it comes to manufacturing.
https://www.statista.com/chart/28031/manufacturing-racing-ba...
Re: The US is building factories at a fast rate
#10> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…
> Maybe a good time to start a company selling to the government if only I knew what the government wanted to buy. Besides weaponry that is.