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Now if we could just get manufacturers of critical pharmaceuticals to move production to the USA, we would not be beholden to China for these lifesaving medicines. The growing tensions between Washington and Bejing have many things we take for granted, at risk.
Apple moves manufacturing from one low-paying country to another low-paying country, yet my new iPhone still cost more than $1,000. Whatever “savings” Apple might derive from the move, it’s customers won’t share in the reduced costs.
It’s starting to make less and less sense to manufacture things in low-wage countries as manufacturing becomes more and more automated. I suspect it won’t be too long before robots bring back American manufacturing, but we’re not quite there yet.