Due to the loose labour laws, weak unions and low low wages in Germany and the UK plenty of jobs went from the US to those countries.
You kid. Yet, fwiw, those jobs didn’t go to the US either, “despite” weak unions, low taxes and prevalent right-to-work BS. Wages in manufacturing are still high compared to Chinese wages. And in addition, China suddenly has a supply-chain advantage in a lot of niches because everyone went there.
China would be a valid target but he put Germany and UK first.
Also manufacturing coming back from China won’t be real jobs but highly automated factories with even less jobs than what China would loose.
The entire premise of “bringing back old jobs” be it from China or Europe might be what populist supporters want to hear but it is not what would solve their issues. The world needs new jobs.
Or - you know - we could just work less for the same standard of living and could all benefit from automation
You kid. Yet, fwiw, those jobs didn’t go to the US either, “despite” weak unions, low taxes and prevalent right-to-work BS. Wages in manufacturing are still high compared to Chinese wages. And in addition, China suddenly has a supply-chain advantage in a lot of niches because everyone went there.
China would be a valid target but he put Germany and UK first.
Also manufacturing coming back from China won’t be real jobs but highly automated factories with even less jobs than what China would loose.
The entire premise of “bringing back old jobs” be it from China or Europe might be what populist supporters want to hear but it is not what would solve their issues. The world needs new jobs.
Or - you know - we could just work less for the same standard of living and could all benefit from automation