William Thien

What Will it Take to Bring Industrial Production back On Shore?

Posted on: April 2, 2016

I was looking for a particular shop tool last night and located something ideal but when I checked the label I was disappointed to find out it was manufactured in Asia. It is well made and receives good reviews and there is nothing wrong with Asia by the way except it is my opinion a disproportionately large amount of industrial production has migrated there due often to unfair trade practices and currency manipulation that doesn’t favor The US and to which The US does little to prevent. You’ve heard this from me before, of course, for quite some time, long before this election cycle, long before some interloper picked up what we’ve been discussing here, Notes from The Silent Majority, and used it for their own.

It is a local company that offshored production, so I want to make the purchase because it is a local company, but while deliberating on the purchase a question occurred to me.

Obviously the reason companies are off shoring is because it pays. Sales margins improve dramatically in many cases when production is offshored to Asia and some other areas and there are other more indirect benefits we don’t hear about. But the incredible damage all of the offshoring has done to the US economy will have to be reversed.

So the question occurred to me: What will it take to bring industry back? Nobody seems to be asking that very question. There is a lot of talk about the damage offshoring primarily to Asia has done but nobody really seems to be quantifying and qualifying what would be required to bring industry back. Americans may never work for the wages offered overseas in many areas but in many of those areas wages are rising to become somewhat comparable and American wages are stagnant or trending downward when considering inflation.

So what can be done to bring those jobs back? Is there something the government can do to facilitate the return of those jobs that it is not doing? I know certain tax breaks are available for offshoring in some respects. Must we completely obliterate those tax breaks? Can we offer better tax breaks to bring the jobs back to American soil? Should we restrict sales of products manufactured by US concerns overseas to only be sold overseas? What is it going to take?

I think this is where the discussion in the current presidential campaign needs to focus.

The media will have to participate with the repatriation of jobs of course for after all, it is the media that has misled the public to the purchase.

Women are complaining that they are paid a fraction of what men make, which I think is rather unlikely since all they have to do is file a discrimination complaint (and they do). But maybe if those jobs were to return to the US, women would see comparable pay or something approaching that.

I think it is time to start a national discussion on what must be done to bring offshored jobs and “specifically offshored jobs,” jobs that were once located on American soil back to The United States?

Copyright © William Thien 2016

 

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