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Reply to "The question no one is asking: SHOULD there be manufacturing in the US? "
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[quote=Anonymous][quote]How will companies afford to build factories here? Where will the capital come from?[/quote] Issue stock, the traditional purpose of the stock market. [quote]Will there be enough skilled labor here in the U.S.?[/quote] You train it up, you know like we used to before financializing everything. [quote]What will the work practices be like? There is a huge gap between what is acceptable in the US vs Asian countries like China and Taiwan:[/quote] According to US standards, OSHA and environmental laws. [quote]How long will it take for the factories to churn out goods? Doesn’t it take years to build a factory and make it a success?[/quote] It takes years, but investment in the future rather than short term gains is better for the nation than a quarterly bonus or financial speculation. [quote]Where will these factories be located? [/quote] Anywhere just like the factory towns of old that have the energy supply, rail capacity, or natural resources. [quote]Which towns will be willing to absorb the pollution, contamination and any other externalities resulting from factories?[/quote] The ones that don't want to rot and loose their kids to drugs. [quote]Goods will be more expensive if made in the United States. For goods that aren’t essential, isn’t it likely that American companies that rely on the foreign supply chain will simply go out of business? [/quote] Hate to break it to you but foreign competition uses protectionalism for domestic industry. Though arguably it's a defense concern too. Guess you don't remember the buy American campaigns of ages long ago. [/quote]
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