What kneecaps this prodpect is that the other half of the supply-demand curve simply won’t fall enough to meet American production where it will inevitably peak - far lower than that of existing overseas factories, even with the implementation of tariffs.
I think people fail to understand that, even if investors were to somehow become obsessed with dropping factories in the states left and right, people still wouldn’t be able to outproduce China and India. Even if Americans get paid the same poor wages, the cost of production would still be too high because the cost of living is also too high, not least because we have very little HDH and everything is too spread apart with little public transportation.
What kneecaps this prodpect is that the other half of the supply-demand curve simply won’t fall enough to meet American production where it will inevitably peak - far lower than that of existing overseas factories, even with the implementation of tariffs.
I think people fail to understand that, even if investors were to somehow become obsessed with dropping factories in the states left and right, people still wouldn’t be able to outproduce China and India. Even if Americans get paid the same poor wages, the cost of production would still be too high because the cost of living is also too high, not least because we have very little HDH and everything is too spread apart with little public transportation.