If industry does come back, it will be very mechanized and computer run. Laborers on the floor will be a smaller part of any newer factory.
And so the gains, if any, will be small.
Back when Hebert Ford came up with the assembly line concept and implemented it, he could afford to pay a lot of people a very high wage and spit out very many widgets. The people he hired had a huge increase in living, and went on to buy his widgets, and other stuff and the whole country could soon afford to buy the widgets that were made on his assembly line.
Everyone else was making a few items, one at a time with many cheap laborers, and the end widget cost a lot. Very few people could afford to buy any.
Henry Ford hit upon a new way that covered both sides of his business - he found a way to make a whole lot of relatively cheaper products by hiring a whole lot of people and paying them well. That beat the socks off the competition of the day. The whole country prospered with him.
The computer, robotics, and high tech deal,we have now is different. It doesn’t offer he same wonderful deals to all sides.
It is troubling, and until the next wave comes along, we don’t see a real fix. Maybe there is none.
Yes, I have more questions than answers on the current trade war path we are on. I like that we are doing something: I hope it will be a postive deal when it’s all said and done, and 8 hope it is shorter than longer as it goes. I think China needs us more than we need them; but along the way I’m square in the crosshairs of who gets hurt in the short term by it, as are many others.
I’m really, really, really disappointed by Congress as a whole. I no longer like either party there. They are supposed to run the country for the better good,, the President of the day is (or should be) more or less a figurehead the way this country was set up.
Congress has failed us for many years now. It is so disappointing. Even if we send a few good people there, they become ingrained in DC to the political way, and forget they are there to better this country. I don’t think term limits really matter, I don’t know what does any more. Congress is a failure.
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