Let’s see, Trump has received $5T of new money to build new things in the states and a lot of them will employ hundreds of thousands of people. You forget, if you are building a plant that will be using robots, you still need a lot of people to build the plant, program and maintain the robots, and a staff to do things that robots can’t do. Every car plant in the world has robots but they also have a large staff to keep it running and to do certain tasks.
The OP brings up a unique situation about trying to move $3 labor plant to the US. This won’t happen, but how about the large tariffs brought by Germany, UK, Japan, and others that make much more than $3 an hour to build cars, these places can move to the states and most of them have for decades.
Remember, Trump isn’t asking nations to pack up shop and relocate here, he gives them multiple choices:
1) build here
2) take your tariffs off and we will take ours off.
Pretty simple. While we are at it, I like trumps idea to create the ERS (external revenue service) that gets the tariff money and reducing or eliminating the IRS.
When CEO’s are interviewed here in the states and even Warren Buffet, they like what Trump is doing with the tariffs. Trumps tariffs from 2017 are still in place today, if they were bad, why haven’t they been eliminated? And since those tariffs are on aluminum and steel, how much have you been paying extra for a can of soda? Since those tariffs are in place, how much aluminum do we import or how much more do our aluminum plants produce of what we buy?
1 more thing, we also have factories or businesses running at 50-75% capacity, maybe tariffs will work out for the US to get these running at full capacity without the need to build something new that could take years.
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