Quote:
Originally Posted by John21
http://reshorenow.org/december-5-2017/
For the first time in decades, more manufacturing jobs are returning to the United States than are going offshore. However, about 4 million manufacturing jobs have still been lost to offshoring over the last decades, based on the $500 billion U.S. trade deficit. The Reshoring Initiative concludes that about 25 percent of these jobs are reshorable at current levels of U.S. competitiveness. The survey will provide insight into the mix of policy changes needed to reshore the other 75 percent.
Quote:
Originally Posted by alazo1985
For the first time in decades... for a decade?
Manufacturing Jobs have been trending up for a decade and about 1.2 million have returned from their low.
Yeah if you look at the election thread I posted in there back in 2016 about how the US was going to take over the #1 spot in manufacturing output by 2020, and that was before Trump was even in contention. The only thing noteworthy Trump as done with respect to that is to
slow down the recovery by creating more uncertainty about the US as a place to do business.
Of course, it's also worth noting that even though the factories are going to come back, the jobs that they used to provide won't be coming with them, mainly thanks to automation. The US will actually start shedding even more jobs to automation in the next decade as driverless cars and trucks start becoming more and more mainstream. Things will get worse before they get better in the labor market.