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Accounting 101 - we all flunked
Message
From
09/01/2019 14:31:05
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01665037
Message ID:
01665233
Views:
46
>>What policies are going to repatriate manufacturing jobs though?

Obama said it would need a magic wand. Trump and the GOP said that balancing tarriffs and tax reductions to match corporate tax abroad, would disincentivize offshoring of jobs. The deficit with China alone, is estimated to be worth several million US jobs.

I've agreed before that most manufacturing will be robotic in our lifetimes, but you want those robots to be US-based, which won't happen if all the manufacturing and rare earths etc has been flogged off to the Chinese to enrich the few.

Meantime millions of new job openings give those least equipped to respond to change- especially African American and Hispanic Blue Collar workers- an opportunity for meaningful contribution and pursuit of happiness. Yes, the next generation will be more ready for it.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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