That said, I would love if more US companies built stuff here in the US. Yeah, prices might be a little higher, but at least we aren't exploiting the labor of vulnerable people in foreign countries anymore.
That said, I would love if more US companies built stuff here in the US. Yeah, prices might be a little higher, but at least we aren't exploiting the labor of vulnerable people in foreign countries anymore.
To the point of exploitation, why not use tariffs as a way to enforce standards AND protect economic interests? Instead of targeting specific countries, it could be a points based system where "Long hours without overtime?" +5%, "Poor safety standards" +10%, and so on. Not to say the US is necessarily perfect here, but as far as I can tell, it's a long way ahead of the typical places it outsources production to. Enforcement might be hard, but any resistance to inspection etc. could be met with automatic application of the suspected tariff.
This seems like it would satisfy the goal of advancing human rights, but also give a more incentive to just hire workers in the developed countries.
[1] https://en.wikipedia.org/wiki/Xinjiang_re-education_camps
I was curious about this, so I found a somewhat recent study that looked at how much it would cost for an "all-american" iPhone. The authors of the study think it would cost about $30-40/phone to do final assembly in the US (with Chinese and other foreign components), and sourcing all-US components would add another $30-40/phone. What is only lightly mentioned is the many, many billions of dollars it would take to build all of those production lines domestically, which makes it a non-starter. I could easily imagine it costing hundreds of billions of dollars.
https://www.technologyreview.com/s/601491/the-all-american-i...
Simply put, the US has nowhere close to the skilled labor force needed to 'bring it home'. In Flint, MI, as of 2017, journeyman die-makers pull about $130k. Yes, that Flint. [0,1] Yes, starting wages for a CS bachelors in SF. But for a person without a HS degree. In Flint.
Journeyman takes about 5 years of post-HS apprenticeshiping and the relevant CAD and math skills, FYI.
So, you may be thinking that in about 5 years time the US would be able to get back to where we are today.
We currently have ~70k tool and die makers in the US [2]. Though numbers are very hard to come by, as of 2006 there were about 3 million tool and die makers in China, about 1 million of which came at the expense of US jobs [3]. So, we need to grow the US tool and die makers in the US by roughly 1500%. Not 10%, not 100%, not 500%, but by ~1500%.
That, simply, is not going to happen without massive government financial input. That bill, to get all the tool and die makers that we need in the next 5 years at ~$15/hr that an apprentice makes, would cost about $145,000,000,000 in just wages. For just die-makers. Then you have assemblers, machinists, lathers, welders, etc. We're talking trillions at the low-ball numbers for the cost to re-educate the workforce. This will be a double digit percentage increase in the cost to manufacture anything that you pay for. The US consumer and the US government are simply not going to pay for that.
[0] https://www.industryweek.com/supply-chain/tool-and-dying-aut...
[1] https://www.payscale.com/research/US/Certification=Journeyma... US average wage for die-making is about $26/hr, FYI.
[2] https://www.bls.gov/oes/current/oes514111.htm
[3] https://www.uscc.gov/sites/default/files/moncrieff_statement...
Companies play arbitrage with the costs of doing business in different countries all the time. Union issues at your plant in Mexico? Close it down (taking a "loss") and switch production to India, or China. It happens all the time as externalities change the profit equation, companies will and do react accordingly.
Isolationism doesn't work without completely changing the paradigm, and what you're proposing is basically just saying "Good luck on your own" as if without American corporations these people would immediately shift to some sort of worker's paradise.
Well, they will be jobless now.