3 ms·

> Nobody wants to step up and produce more stuff Except they are, at least in North America. The onshoring, reshoring, and nearshoring of production is absolut

> Nobody wants to step up and produce more stuff Except they are, at least in North America. The onshoring, reshoring, and nearshoring of production is absolutely massive in size and scope. [1] 1. https://www.nytimes.com/2022/09/26/business/factory-jobs-workers-rebound.html https://www.nytimes.com/2022/09/26/business/factory-jobs-wor...

bfung 4y ago
But a little too late still. It's not nearly massive enough -- even the most crude mental exercise: China has ~4x the population of the US, so the US needs to 4x current onshore output levels while keeping prices low to meet demand to prevent inflation.
- nyokodo 4y ago
  > the US needs to 4x current onshore output levels No it doesn’t. Firstly, it’s not just the US but Mexico and Canada also which is another roughly 170 million people. Secondly, the North American system only needs to produce enough for itself and perhaps its allies. Supporting the whole globe in the way China does is not going to happen, i.e. in a (even by US standards) hyper-financed fashion while ignoring profit and basic sustainability.
jjtheblunt 4y ago
That article specifically says that onshoring, reshoring, and nearshoring are NOT what is going on. I mean it's the second paragraph of the article. (Also, it's the NYT, which famously has been criticized, lost readership, and responded recently by replacing editorial staff, for trending towards conspicuous Democratic Party propaganda, in the same way Fox News correlates with Republican Party propaganda. Both situations quite sad.)
- nyokodo 4y ago
  You're right about the article not being about onshoring etc, I linked to the wrong one and now I can't edit it. Anyway, the data is out there. No comment on the political biases of the media.
  - jjtheblunt 4y ago
    Yeah the media is full of biases all over. It's disappointingly challenging to just get straight data!

bfung 4y ago

But a little too late still. It's not nearly massive enough -- even the most crude mental exercise: China has ~4x the population of the US, so the US needs to 4x current onshore output levels while keeping prices low to meet demand to prevent inflation.

nyokodo 4y ago
> the US needs to 4x current onshore output levels No it doesn’t. Firstly, it’s not just the US but Mexico and Canada also which is another roughly 170 million people. Secondly, the North American system only needs to produce enough for itself and perhaps its allies. Supporting the whole globe in the way China does is not going to happen, i.e. in a (even by US standards) hyper-financed fashion while ignoring profit and basic sustainability.

jjtheblunt 4y ago

That article specifically says that onshoring, reshoring, and nearshoring are NOT what is going on. I mean it's the second paragraph of the article. (Also, it's the NYT, which famously has been criticized, lost readership, and responded recently by replacing editorial staff, for trending towards conspicuous Democratic Party propaganda, in the same way Fox News correlates with Republican Party propaganda. Both situations quite sad.)

nyokodo 4y ago
You're right about the article not being about onshoring etc, I linked to the wrong one and now I can't edit it. Anyway, the data is out there. No comment on the political biases of the media.
- jjtheblunt 4y ago
  Yeah the media is full of biases all over. It's disappointingly challenging to just get straight data!