General Discussion
In reply to the discussion: FiveThirtyEight: Manufacturing Jobs Are NEVER Coming Back. [View all]Billsmile
(404 posts)May illustrate that he was paying attention at his former job with the Wall Street Journal.
Bottom line is---bringing jobs home is creating jobs and Casselman cleverly is forgetting about all the non-production work created by a business. A business brought back to the US creates an entirely new supply chain. Supplies, shipping needs, raw materials, machine parts, etc would generally be more locally sourced; creating work outside of the business itself. Imported goods would still need to be transported through the US, creating work. Local restaurants, hotels, stores, also benefit from nearby businesses. Workers need to get back & forth from work which is good business for auto dealers & transit services. Businesses need to be regulated which similarly increases work in the larger society. All of this increased work typically means more money in the hands of people who spend 100% of their paychecks thus creating maximum economic activity.