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This is a sentiment that I'm happy to hear others share. If cards are played right, the USA could experience growth not seen since post-WWII. Inflation is hig
by mywittyname 4y ago
This is a sentiment that I'm happy to hear others share. If cards are played right, the USA could experience growth not seen since post-WWII.
Inflation is high, but the USD is crushing every other currency. American businesses are fed up with shutdowns and shipping delays from Asia, and are willing to pay the price premium for domestic goods. And the federal government is doing (I think) a good job at pushing industries to capitalize on the global weakness.
- AstralStorm 4y agoCheck the structure of these jobs and then we can talk about how it actually will be a boom... Do you see industrial and manufacturing jobs as a major percentage here?
- pxue 4y agomarket forces and inflation will force corporations to look for domestic productions. short term pain for long term gain.
- DuskStar 4y agoIf the US dollar keeps getting stronger relative to other currencies, it will be better to manufacture things offshore and import them. That is what a strong currency does.
- AstralStorm 4y agoAnd it's precisely what is happening right now. Unless forced to manufacture here (like say defense and space industry), the low salaries elsewhere and already existing vertical and horizontal integration make for an insurmountable advantage forever.
- mywittyname 4y ago> Unless forced to manufacture here This is exactly what's happening. Companies realize that they don't have any influence or visibility into overseas production in places like China. That labor savings doesn't mean much when you're not allowed to actually make things, or when your goods get stuck in shipping for months on end.