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re: Why companies don't manufacture in the US anymore.
Posted on 3/13/25 at 2:46 pm to Zach
Posted on 3/13/25 at 2:46 pm to Zach
quote:
They were pissed about the corporate tax rate
This this and this. We had one of the highest corporate tax rates in the world, and if you did sell things overseas and bring the money home, you were taxed.
So manufacturers, like Apple, just incorporated offshore, kept the money offshore, and continued to invest offshore.
Its not just foreign or new companies now coming to the US, its our own companies who will face the tariffs if they dont come home.
Trump tried the carrot last time by giving them a one time waiver to bring the money home, and almost half used it to buy their own stock and balloon their stock options. So now comes the stick........and suddenly apple is gonna invest 500 billion in the US....well what do you know
0
Posted on 3/13/25 at 2:46 pm to Rip Torn
quote:
The US was the World leader in manufacturing until it magically became too expensive
We are still the "world leader" in manufacturing.
China is #1 in total
but that's deceptive, as their per capita output is shite.
Also, this shitty manufacturing is a much larger part of their economy.
LINK
quote:
Manufacturing constitutes 27 percent of China’s overall national output, which accounts for 20 percent of the world’s manufacturing output. In the United States, it represents 12 percent of the nation’s output and 18 percent of the world’s capacity. In Japan, manufacturing is 19 percent of the country’s national output and 10 percent of the world total. Overall, China, the United States, and Japan comprise 48 percent of the world’s manufacturing output.
quote:
Poland is the leading country in terms of the percentage of its population employed in manufacturing (see Table 2). A total of 20.2 percent is employed there, followed by Germany (19 percent), Italy (18.5 percent), Turkey (18.1 percent), South Korea (16.9 percent), China (16.9 percent), and Japan (16.9 percent). About 10.5 percent of the American workforce is employed in manufacturing.
We manufacture tons of goods, but they're of higher quality/value. Nobody competes against us in the intersection of total output and value per item. We also have a more diversified economy that allows us to invest in even more lucrative and advanced sectors, which has allowed us to maintain our insane GDP in the face of countries with 3x+_the population emerging since the 90s.
Posted on 3/13/25 at 2:48 pm to SlowFlowPro
quote:
Then why do we have so much LESS manufacturing still?
FFY.
Posted on 3/13/25 at 2:51 pm to Violent Hip Swivel
quote:
In other words, automation.
Bingo again. Trump wanting to unleash energy, with cheap energy comes AI throughout manufacturing.
Lower labor costs, lower transport costs, lower taxes.....in the largest consumer market in the world.....US fixin to eat.
Just have to get through the midterms and give manufacturing a chance to gear up.
Posted on 3/13/25 at 3:05 pm to Flats
quote:
quote:
We buy raw products from companies inside the US and we are fully Made in the US, but now the tariffs are driving up raw products here.
You must think it's best to outsource our products to the rest of the world while you "work" your government job.
A large portion of the country cares about the longevity of the country. The tariffs will work but you can't jeopardize companies that have stayed alive.
Posted on 3/13/25 at 3:35 pm to Runner1
I agree fully with this. Yes, we are being punished with the tariffs; however, I have clients that put orders in early so as to avoid the tariffs on the materials. They don't need the finished products until 3rd quarter 2026 so we are segregating the materials and storing until time to enter into manufacturing. They agreed to progressive terms so we could get paid for the expenditures thus far and we are not charging for storage.
Fortunately, we have a fair number of long term thinkers in our client base.
Fortunately, we have a fair number of long term thinkers in our client base.
Posted on 3/13/25 at 7:08 pm to Houag80
quote:
People still want to buy Made In USA if you give them a reason too.
AND I will pay a premium for it because I know that foreign manufactured goods only serve to line the pockets at the top, at the expense of US workers.
This post was edited on 3/13/25 at 7:10 pm
Posted on 3/13/25 at 7:15 pm to geauxkoo
I can pay a guy in Detroit $30/hour with a bunch of perks including extended leave, or I can pay a guy in Mexico $3/hour with fewer benefits. Much fewer.
Posted on 3/13/25 at 7:36 pm to TheHarahanian
How the heck does a Mexican live on that wage? The cost of living can't be that cheap in Mexico.
Posted on 3/13/25 at 7:45 pm to seedmonster77
quote:
How the heck does a Mexican live on that wage?
Per search engine AI: Mexican auto workers earn significantly lower wages compared to their U.S. counterparts, with average wages declining from about $6.65 per hour in 1994 to around $3.14 per hour by 2016. Currently, production line workers in non-union areas earn approximately $2.70 per hour, while those in unionized settings may earn slightly more.
Posted on 3/13/25 at 7:55 pm to notsince98
quote:Clinton specifally?
It was the globalist plan to move manufacturing out of the USA. hence why all the regulation was created to do it.
Posted on 3/13/25 at 8:21 pm to Diamondawg
It was Nixon and Bush. It's simple minimize fix costs and maximize variable costs. Cost has no relationship to price. Just study the Nike model.
Posted on 3/13/25 at 8:24 pm to ErikGordan
Posted for the mouthbreathers that only scream about GM/Ford being in Mexico.
Posted on 3/13/25 at 8:50 pm to BuckyCheese
DEMs prefer work at home government employees instead of blue collar working man. We are now seeing the results of such snobbery.
Posted on 3/13/25 at 8:58 pm to swamptiger99
quote:
Why pay John $30+ an hour plus benefits and 8 hours a day. When you can pay PingPong, an 8 year old, the absolute bare minimum for 20 hours a day?
And this is where tariffs can level the playing field.
Pay sweatshop labor?
No pollution control?
No quality checks?
No workplace safety?
Here is your tariff to import to the US
Posted on 3/13/25 at 9:31 pm to geauxkoo
quote:
The reason companies have moved out of the US to manufacture is because it is simply too expensive to build in the US anymore.
Companies have been moving their operations to places were they can exploit labor since the 50s/ 60s. Instead of moving manufacturing to the south or sun belt, they’re moving it to Malaysia and the Philippines. Deindustrialization has been happening for 70-80 years.
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