BS. Because of all this inflation creating spending, the amount of growth that's needed is impossible to reach. Too many industries have been forced out of the USA because wages are just too high in the USA for them to profit enough to return here.
The math doesn't lie.
500 employee's, 40 week in US vs Mexico or China
USA
500 employee's X 40hrs X $25hr X 50weeks= $25 million, just in wages. No benefits. No OT.
China
500 employee's X $25 per DAY ($125 per week) X 50 weeks= $3.125,000
$25,000,000
-$3,125,000
-------------
$21,875,000 in savings.
With the global markets so saturated with competition, there's simply no way to compete, in most industries.