Quote:
Originally Posted by Bay Kid
Do we make anything in America anymore? Seems like everything is made in other countries.
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Boeing is the largest US manufacturing exporter. We also, thanks to Pres Trump, have become the world's largest producer of oil and gas, which we export.
True, we lost hundreds of manufacturers during the Obama years...recall Obama saying 'manufacturing will never return to the US'.
Intellectual property is a huge product for the US.
But here is a crazy example: golf balls. COSTCO makes its Kirkland golf balls in China. Why? Making golf balls is not a labor-intensive process, but somehow it makes economic sense for COSTCO to make them in China and pay to ship them to the US. The raw materials cost the same in US, manufacturing machines cost the same, labor costs are low.
So what is different? Taxes, regulations (like OSHA, etc.), ease of doing business.