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You would be surprised at how much reshoring and US factories automation have occurred in the last few years in US. It will increase in scope after this current
by rgbrenner 8y ago
You would be surprised at how much reshoring and US factories automation have occurred in the last few years in US. It will increase in scope after this current round of tariffs.
Here's real manufacturing output:
https://fred.stlouisfed.org/series/OUTMS https://fred.stlouisfed.org/series/OUTMS
Here's durable and non-durable goods manufacturing employment:
https://fred.stlouisfed.org/series/PRS31006013 https://fred.stlouisfed.org/series/PRS31006013
https://fred.stlouisfed.org/series/PRS32006013 https://fred.stlouisfed.org/series/PRS32006013
Notice they are lower than before the 2008 recession. The recession that is now a decade old.
In comparison, here's imports of goods and services:
https://fred.stlouisfed.org/series/IEAMGSN https://fred.stlouisfed.org/series/IEAMGSN
And here's imports of goods from China:
https://fred.stlouisfed.org/series/IMPCH https://fred.stlouisfed.org/series/IMPCH
Reshoring? I'm not so sure about that overall. It's great that US manufacturing is recovering though.