Quote:
Originally Posted by The Dad Fisherman
Isn't one of the complaints being bandied about lately been that unemployment numbers look good but the jobs are low wage jobs?
Wouldn't the jobs coming back to the US be more in the vain of skilled labor/Manufacturing jobs.
And if there are more jobs than people to fill them, wouldn't that cause employers to pay more to secure labor for those jobs, thus raising the average wages being paid.
Wasn't that another complaint that everybody was harping on as well.
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If you move manufacturing from a cheaper country to the US it's just going to shift the burden onto the consumer unless it's something Americans really can produce better. But, in the US manufacturing tends to favor automation over labor so you may have higher skilled jobs but there are less of them. Retaliatory tariffs also mean less US exports for the goods produced here. The global economic growth has been largely led by emerging nations, you're just going to box yourself out of those markets.
And we're still waiting for the wage growth from tax cuts and full employment to materialize.