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> I doubt any "make in America" policy would lead to more jobs This seems guaranteed to be false because at a minimum you’d have construction workers building
by ericmay 1y ago
> I doubt any "make in America" policy would lead to more jobs
This seems guaranteed to be false because at a minimum you’d have construction workers building manufacturing facilities. But I don’t think you meant it literally, which leads to my next point which is that even if moving a factory making X widget from (insert country here) resulted in a single job at the expense of any number of jobs in (insert country), I would deem that trade off to generally be worth it. Now as we add in prices and cost and all those things it means there’s a social cost to moving those jobs back, but often times the “jobs” angle is that moving production here or even to other western countries won’t create that many jobs, but even if it’s 1 it’s 1 more than before. I think it’s better and more important to think of the whole package of trade-offs instead of caring about number of jobs.
- alephnerd 1y agoI agree and for reference I am a proponent of Trump-style tariffs convinced with Biden-style industrial policy. I think rebuilding domestic capacity is critical, but we should not oversell the amount of jobs that can potentially be created. Light manufacturing will never return to America - it's already begun leaving China and half of India by 2019, and left Mexico in the 2000s. "Manufacturing" is a very broad and overloaded term, and the type of manufacturing matters, and the kind of high value manufacturing needed for the US is both highly automatable AND high skilled.