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Could this actually help manufacturing in the long run
Posted on 3/20/20 at 12:42 am
Posted on 3/20/20 at 12:42 am
I could see this as almost something similar the to WWII effect on US manufacturing, where a great crisis activated the lifeblood of the economy in building things ourselves.
Obviously fast different cases here, but I hope this has opened many companies eyes on the devil 's deal they have with their products being made in China.
Perhaps this lays the groundwork for some kind of revolution in either restarting some products here (most notably medical supplies and drugs) or finally figuring out a far more friendly country with cheap labor to invest in.
It may take a bit to establish plants in these places, but there's no reason these damn companies can't find another country to establish a workforce. It may even bring the products back to the US.
I bet we may even see some kind of legislation where Companies in the US that manufacture "essentials" get some kind of massive subsidies to offset labor price differences.
Obviously fast different cases here, but I hope this has opened many companies eyes on the devil 's deal they have with their products being made in China.
Perhaps this lays the groundwork for some kind of revolution in either restarting some products here (most notably medical supplies and drugs) or finally figuring out a far more friendly country with cheap labor to invest in.
It may take a bit to establish plants in these places, but there's no reason these damn companies can't find another country to establish a workforce. It may even bring the products back to the US.
I bet we may even see some kind of legislation where Companies in the US that manufacture "essentials" get some kind of massive subsidies to offset labor price differences.
9
Posted on 3/20/20 at 12:43 am to Jack Ruby
Domestic manufacturing has now been proven to be a national security issue.
Yes.
Yes.
Posted on 3/20/20 at 12:56 am to Jack Ruby
Unfortunately, This will be the workforce
Posted on 3/20/20 at 1:57 am to Chuckiee
I’d probably hire him over your fat arse at my factory.
Posted on 3/20/20 at 5:46 am to TerryDawg03
quote:
Domestic manufacturing has now been proven to be a national security issue.
Yes.
TBD but I agree with you
Posted on 3/20/20 at 7:01 am to Jack Ruby
quote:
I bet we may even see some kind of legislation where Companies in the US that manufacture "essentials" get some kind of massive subsidies to offset labor price differences.
Also need a stick, if they import back into the US and offshored everything for labor and tax benefits, they should be taxed on goods brought back in.
The original thought was they would build factories to manufacture and supply those local markets, instead they just offshored and shipped the product back.....for decades.
Apple is a classic example, incorporated in Ireland to get the tax benes, manufacture in Asia for the labor benes, then ship back to the US for sale. Then take the profit and set up a separate entity, within the US to manage their profits while keeping them offshore.
But they have everyone believing they are such a cool American company and hand out those stupid stickers people put of their car windows.
Posted on 3/20/20 at 7:04 am to Jack Ruby
We're experiencing the death of globalism, while it may come back in some form it will never be what it was, this thing has scared the shite out of people in a way nothing else could
Posted on 3/20/20 at 7:28 am to Jack Ruby
Could it? Yes.
Will Congress pass the laws necessary to discourage and disincentivize offshoring? Depends.
Will Congress pass the laws necessary to discourage and disincentivize offshoring? Depends.
Posted on 3/20/20 at 7:33 am to Jack Ruby
TOTALLY agree and have been saying this all week. A little pain will make a lot of gain, and something great is coming!
I am grateful to our Father.
I am grateful to our Father.
Posted on 3/20/20 at 7:50 am to BlueFalcon
quote:
We're experiencing the death of globalism, while it may come back in some form it will never be what it was,
Nah. This is certainly a knee-jerk reaction. While I too agree that this has become a national security issue, the push for short term profits, i.e. quarterly results, will supersede anything that’s necessary to set up for future long term success bringing it back home which will require a long time line. Especially when trying to goose the market back up ASAP to instill confidence again.
This post was edited on 3/20/20 at 7:51 am
Posted on 3/20/20 at 8:11 am to BlueFalcon
quote:
We're experiencing the death of globalism, while it may come back in some form it will never be what it was, this thing has scared the shite out of people in a way nothing else could
I wish this were the case, but I think corporations care more about the bottom line. I would love to live and raise children in an America that's not latched onto the Chinese or Saudi Arabian tit. Bring manufacturing back home, become energy independent and tell those bat eaters and goat frickers to go pound sand. Probably means everything would skyrocket in price though, so I'm sure there are massive downsides I'm not taking into account.
Posted on 3/20/20 at 8:50 am to Jack Ruby
past trade deals have caused a lot of this economic mess we are in. This president is doing something about it. I think China has shot itself in the foot here. They had the mightiest economy built by others and greed. Now these other countries should see that being dependent on the communists is not a good idea. I think you will see many other countries follow President Trumps idea of bringing back industry to the US. Chine will be fricked compared to where they were.
Posted on 3/20/20 at 9:08 am to Jack Ruby
My belief is that it will help in the short term. Maybe the next 10 to twenty years but eventually greed will take over and every company will flock back to the low cost countries in hopes of greater profit
Posted on 3/20/20 at 9:29 am to Jack Ruby
quote:
I bet we may even see some kind of legislation where Companies in the US that manufacture "essentials" get some kind of massive subsidies to offset labor price differences.
YES!
For all the trillions of dollars we spend on National Defense, there's no more pressing matter of National Defense than securing your domestic supply chain.
Posted on 3/20/20 at 9:33 am to BigSalmon
quote:
I’d probably hire him over your fat arse at my factory.
Yeah, I don't get the hate. Are hipsters pussies? Yes. Does that matter in a manufacturing setting? No.
They are smart, healthy and amenable. I'd much rather work with hipsters than aggressive, low IQ, egotistical, obnoxious baws and disgusting, slow and lazy, always calling out sick, fat asses.
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