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Made in the USA. Is it possible to bring back manufacturing jobs?
Posted on 2/20/17 at 9:02 am
Posted on 2/20/17 at 9:02 am
I'm not an expert in big business that involves hundreds or thousands of employees and exporting and importing goods, corporate taxes, and the costs of transporting goods from abroad. I've only run a small business that didn't deal with any of this.
Is it really possible to bring back manufacturing jobs to the US? Obviously, labor costs are the biggest costs hurdle for manufacturers to overcome in comparsion to manufacturers abroad.
Can a large reduction in corporate taxes offset the labor costs in the US, versus labor costs and the transportation costs of manufacturing abroad?
What can the US do to encourage more manufacturing jobs without tariffs?
TIA.
Edit: How about a list of pros/cons for manufacturers in the US?
Pros to US manufacturing:
Lower corporate taxes
Law to repatriate corporate cash
Much lower transportation costs
More skilled workers?
Better quality products?
Pros to overseas manufacturing:
Labor costs much lower
Less regulations (labor, environmental)
Is it really possible to bring back manufacturing jobs to the US? Obviously, labor costs are the biggest costs hurdle for manufacturers to overcome in comparsion to manufacturers abroad.
Can a large reduction in corporate taxes offset the labor costs in the US, versus labor costs and the transportation costs of manufacturing abroad?
What can the US do to encourage more manufacturing jobs without tariffs?
TIA.
Edit: How about a list of pros/cons for manufacturers in the US?
Pros to US manufacturing:
Lower corporate taxes
Law to repatriate corporate cash
Much lower transportation costs
More skilled workers?
Better quality products?
Pros to overseas manufacturing:
Labor costs much lower
Less regulations (labor, environmental)
This post was edited on 2/20/17 at 9:26 am
15
Posted on 2/20/17 at 9:03 am to bhtigerfan
Trump's brought back over 100,000 in the past 2 months without tariffs.
Posted on 2/20/17 at 9:04 am to bhtigerfan
A lot of it has to do with reigning in the EPA.
That's about to happen so I'd say yes, it is possible for manufacturing to make a come back.
That's about to happen so I'd say yes, it is possible for manufacturing to make a come back.
Posted on 2/20/17 at 9:05 am to bhtigerfan
quote:
Is it really possible to bring back manufacturing jobs to the US?
Anything is possible. For those who say never, it took a considerable length of time to outsource our jobs over the years, it will take a considerable while to "insource" those jobs back or at least many of them. It's not going to happen overnight or over the next two or three years.
Posted on 2/20/17 at 9:08 am to bhtigerfan
There may be tweaks that can bring back manufacturing for specific industries where the USA has a competitive advantage but most goods are more cheaply produced outside of the country. This is the benefit of being a first world country with a strong currency.
Posted on 2/20/17 at 9:12 am to Deuces
Alternative fact=lie
Posted on 2/20/17 at 9:12 am to bhtigerfan
quote:
I'm not an expert in big business that involves hundreds or thousands of employees and exporting and importing goods, corporate taxes, and the costs of transporting goods from abroad. I've only run a small business that didn't deal with any of this.
Is it really possible to bring back manufacturing jobs to the US? Obviously, labor costs are the biggest costs hurdle for manufacturers to overcome in comparsion to manufacturers abroad.
Can a large reduction in corporate taxes offset the labor costs in the US, versus labor costs and the transportation costs of manufacturing abroad?
What can the US do to encourage more manufacturing jobs without tariffs?
TIA.
Depends on the industry, the company, and the product.
Low margin goods and goods that require high turnover probably aren't getting brought back no matter what you do.
Capital-intensive goods (i.e., high-end manufacturing like aerospace) are still made in the U.S. to a very large degree.
Consumer markets have changed a lot over the last twenty-five years. The U.S. is now only about a quarter of the world's GDP, and that share will only shrink. It makes sense for many companies to keep manufacturing close to their consumers, but again, there are a lot of factors that go into that.
Posted on 2/20/17 at 9:16 am to AbuTheMonkey
Great post.
Only caveat I would add: Exception is for products with shelf life considerations. Those will stay in the US as the time to import is generally not feasible (e.g., food and beverages)
Only caveat I would add: Exception is for products with shelf life considerations. Those will stay in the US as the time to import is generally not feasible (e.g., food and beverages)
Posted on 2/20/17 at 9:18 am to Woobie
quote:
A lot of it has to do with reigning in the EPA.
False. More to do with land cost and labor costs.
And in lots of small and medium business cases the need to do anything more than contract manufacture anyway so why take on the cost and risk of your own facility?
Also you see a lot less people being trained in the machining skills these days so the labor force really isn't what it used to be either.
Posted on 2/20/17 at 9:22 am to bhtigerfan
quote:
What can the US do to encourage more manufacturing jobs without tariffs?
It's going to be a nightmare to figure out. The EPA has almost destroyed our country.
Company A: Invested tons of money to meet EPA regs and has to charge a higher price for goods.
Company B: Starts up under slashed EPA regs and can afford to charge less than Company A.
What is the solution? Let Company A fold because they can't compete in the market place?
Posted on 2/20/17 at 9:25 am to MrLarson
Could your post be any more extreme? 
There is a lot more at play than EPA regulations.
There is a lot more at play than EPA regulations.
Posted on 2/20/17 at 9:26 am to bhtigerfan
as an economy, we should be working to eliminate jobs through automation and technology - not add them with backwards, outdated models
evolve if you are capable. thanks
evolve if you are capable. thanks
Posted on 2/20/17 at 9:28 am to Woobie
quote:
A lot of it has to do with reigning in the EPA.
Reigning in the EPA is great idea.
Dissolving it is a terrible idea. Plenty of corporations have demonstrated to not giving a rat's arse if they pollute your drinking water and giving your kids cancer.
Posted on 2/20/17 at 9:30 am to Deuces
BS link from a credible source.
Posted on 2/20/17 at 9:33 am to oklahogjr
quote:This is the main crux of my question.
And in lots of small and medium business cases the need to do anything more than contract manufacture anyway so why take on the cost and risk of your own facility?
The 2 largest pros of manufacturing products in 3rd world countries is cheap labor and lack of regulations (mainly labor and environmental regs). The biggest con of overseas manufacturing is transportation costs and the time involved to ship products.
Can a huge decrease in corporate taxes, some regulations, and the huge decrease in transport costs make it more cost effective to manufacture in the US?
Posted on 2/20/17 at 9:34 am to bhtigerfan
If American consumers are willing to pay higher prices, which they probably are not.
The American economy is driven by our desire to acquire as many goods as possible, with an unfortunate disregard for quality.
The American economy is driven by our desire to acquire as many goods as possible, with an unfortunate disregard for quality.
Posted on 2/20/17 at 9:36 am to lynxcat
quote:
Could your post be any more extreme?
Well, you have to deal with the extreme ones as well as the easy ones.
Posted on 2/20/17 at 9:38 am to rocket31
quote:This has been going on for decades.
as an economy, we should be working to eliminate jobs through automation and technology - not add them with backwards, outdated models
Unfortunately, automation will only add to the unemployment numbers.
Fortunately, there will still be a need for people to build these machines, install, and to run and repair them though.
Posted on 2/20/17 at 9:44 am to Speedy G
quote:This is the crux of my question.
If American consumers are willing to pay higher prices, which they probably are not.
The American economy is driven by our desire to acquire as many goods as possible, with an unfortunate disregard for quality.
Can we manufacturer products in the US for the same costs as overseas if we ease the burden on businesses through lower taxes, regulations and lower transportation costs?
Is it possible?
Posted on 2/20/17 at 9:48 am to bhtigerfan
Sure, but the frequency of repairs will probably decrease. Machines will probably be developed to require less maintenance over time.
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