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It sounds to me like the bottleneck is wages paid to truckers, and probably other workers in the supply chain. The US has a ~$600 Billion trade deficit. It neve
by PKop 5y ago
It sounds to me like the bottleneck is wages paid to truckers, and probably other workers in the supply chain. The US has a ~$600 Billion trade deficit. It never really made sense to me that we could continue to massively import goods from rest of world (mostly China)...without eventually reaching some sort of labor parity where delivering those goods all the way around the world didn't make economic sense, and especially political sense, as the gains, whatever they are, mostly accrue to multi-national corporations profit margins and stock prices.
It seems, much of this is built upon a foundation of crappy wages and under-investment in the people and infrastructure it all functions on top of. Doesn't sound sustainable as structured, and for many reason we should invest in labor and domestic production more than we have been. Inflation, like in the 2008 oil price spike leading to domestic production, might end up being the catalyst to this change.