The American manufacturing industry, for all intents and purposes, is dead.
No matter what Washington says it’s going to do to help it won’t work. May was well try reviving King Tut.
Sure, there are still American manufacturing companies. Some are profitable and make a good product. But as a business segment – especially as a pillar of the American economy – manufacturing is dead and it’s not ever coming back!
MasterPo doesn’t blame President Obama, nor President Bush, nor President Clinton, etc. Nor was it in any way exclusively a Federal problem. States and localities too had a big hand in it.
This was a death by a thousand stabs. Like “Murder on the Orient Express” – they all did it! Doesn’t matter who was President, what party controlled Congress, who sat on the courts at the time. It all was, as the song says, just another brick in the wall.
A tax on this.
A regulation on that.
A requirement to do something.
A mandate to operate in a certain way.
And many more all have their finger prints on the murder weapon.
The death was a compounded effect over time. Any one or two of these taxs/regs/mandates would have been bad enough but in the longer run still manageable. But when more and more taxes/regs/mandates keep getting piled on year after year after year after year it adds up to disaster.
By contrast, a factory in China or India or the Philippians does not have to deal with any of this red tape. So they can respond quicker and cheaper to market demands and thereby produce a cheaper equivalent product. Under such conditions it’s the height of absurdity to think consumers are going to willfully spend 5-6-7-8+ times more for an American product than a foreign made product. Study the economic concept of “utility”.
It is not “greed” by corporations or CEOs for moving manufacturing jobs overseas. It’s reality: The global consumer (including the American consumer) simply is not going to pay the kind of price required for American manufactured products because of all the above reasons when they can buy the same or equivalent products cheaper manufactured elsewhere.
Eventually, 2 maybe 3 generations from now, those relatively cheaper foreign manufacturing areas will probably be nearly as expensive as American manufacturing now (maybe, the rest of the world has much more common sense about things that Americans do so MasterPo doesn’t expect all the same PC policies and taxes elsewhere, some but not all). But that doesn’t do us much good now.