The idea that manufacturing in this country is dead is sheer nonsense. The United States is the second largest producer of manufactured goods in the world. More importantly, it is the most productive country on earth.
China produces more than we do, but most of it is low productivity. Those low-productivity jobs are never coming back here, even with tariffs, at least in size. They will either move to other low cost jurisdictions or will be automated.
The Daily Shot: Odds of Fed Rate Cut Next Month Jump Above 50%
China produces more than we do, but most of it is low productivity. Those low-productivity jobs are never coming back here, even with tariffs, at least in size. They will either move to other low cost jurisdictions or will be automated.
The Daily Shot: Odds of Fed Rate Cut Next Month Jump Above 50%