Reality Check wrote:thomasglee wrote:
If you'll notice, I used "future tense", indicating what I expect to see, and what I "assume" they will seek, in the future. I never stated that the jobs have moved back. That will take time.
I am not sure the entire discussion above about manufacturing jobs returning to the United States has been about the future only.
But I do agree with your statement above "that (it) will take time" to see manufacturing jobs actually return to the Unites States ( and they have not returned in any meaningful way yet), but it will also likely take a break down in the global trading system, or a total collapse of the difference in wages between the developing world and the United States for a significant move of manufacturing jobs back to the United States to occur.
The later being something along the lines of a return to a subsistence existence for a large proportion of the American people.
China is not the only low wage location for manufacturing and as long as the global trading system functions and all Americans enjoy such high standards of living, manufacturing jobs will not return to the United States in any significant number. Even those on food stamps and in public housing in the United States are wealthy compared to a subsistence farmer in the developing world.
I personally believe a break down in the trading systems as a result of a crisis war being more likely, but both could happen.
I am pretty much in full agreement with you.