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>> In reality, the dollar's true value will plummet But it's good. There is no way to bring back manufacturing jobs to the US while dollar is strong. Also hig
by ponector 1y ago
>> In reality, the dollar's true value will plummet
But it's good. There is no way to bring back manufacturing jobs to the US while dollar is strong.
Also high inflation may make housing more affordable.
- eecc 1y agoIf manufacturing is to return to the USA, it will be as fully automated as technically possible. So forget about jobs, there won't remotely be as many as needed to "reboot the working class"
- spwa4 1y agoThe effect of weakening the dollar is not to return manufacturing jobs to the US while allowing the same dollars to buy the same products. It's to make imported goods more expensive so domestically produced ones win out in the marketplace, both in and outside of the US. To make you switch because your favorite products become too expensive. It's to make you chose Californian wine over French one, so to speak. Whether you are in the US or elsewhere. If technological advancement is going to kill the working class, this might slightly accelerate that development but it does not change it one way or the other.
- eecc 1y agoI still don’t understand the point of all this exercise. In the long run, without a fairer redistribution of wealth within US society (which isn’t going to happen with these polices and the politicians pushing them) forcing re-shoring will still result in higher prices overall: expensive Made in USA products, and expensive imports due to a weak dollar. So why?