US Factory Boom Heats Up as CEOs Yank Production Out of China | Hacker News Reader

US Factory Boom Heats Up as CEOs Yank Production Out of China

bloomberg.com

20 pointsvwoolf12 comments

Deglobalization is insanely inflationary. Get ready.

a huge portion of the physical objects the average American interacts with were made by someone who makes an amount of money that would be unthinkable for an American worker. Our standard of living cannot exist without someone to dump that burden on.

I'm 100% in favor of this occurring but just realize that this transition could be hugely painful for most Americans.

In my opinion, it may be painful for Americans, but it is not as bad as Europe. US can actually pull this off, because US has the world reserve currency, US produces its own energy, Mexico who can provide low cost goods, and immigrates will help to reduce inflations. On the other hand, Europe is screwed if they want to follow US's lead for deglobalizaiton.

Agreed, US is by far not in the worst position here. Then again. Some Euro economies dont have their industrial base quite as hollowed out as the US. I believe Germany still has pretty good manufacturing.

> Mexico who can provide low cost goods, and immigrates will help to reduce inflations

“The USA will win because we have slaves in close proximity”

But Europe has tons of labor immigration as well. Obviously, you can’t outsource all the routine manual labor that every country needs to function - how else would the Western lifestyle be sustained?

What labor immigration into EU are you talking about? Eastern Europeans? Mostly taken and they don't have slave wages anymore. Africans? Nobody in EU is interested in them. It is difficult to explain them what they are suppose to do (Language barriers) and the moment you will turn away, they will stop doing it.

Didn’t realise this thread could get more /racist/, was hoping my earlier sarcasm would temper it down. Count me out!

Oh yeah, it is racist to describe reality.

Americans are going to expect to be able to return to the factories and earn what their grandparents did on the assembly line, with lifetime employment security, enough money to pay for two cars in the garage, a generous pension and a gold watch at retirement. They're going to be shocked to find out most manufacturing jobs were automated away ages ago and that the few slots left for human beings are going to pay miserable wages just to remain competitive.

And then on top of all that, the cost of domestic goods goes up dramatically while quality goes down, and the American export market collapses because no one wants to buy the American version of a Lada.

>and the American export market collapses because no one wants to buy the American version of a Lada.

But you assume in this scenario that America won't still be exporting its high margin high value goods. This is in addition to existing industries.

No worries, you will be buying your iPhone once a 4 years instead of once a 2 years.

It’s likely to be the areas most relevant to national security that will be onshored. It seems unlikely that bath towels and children's toys, or in fact almost any consumer items, will be relocated to the US.

https://archive.ph/h9C4C

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