Manufacturing as share of jobs declines even in those countries that are big at manufacturing. China, Germany, Japan, South Korea. China buys half of worlds robots. Manufacturing can create only very low paying jobs that people do in third countries.
You can bring more manufacturing but not much more jobs. Most likely the lost comparative advantage means net welfare loss if you force it.
This is true in China as well as the USA.
Example: Hyundai has an auto assembly plant in Mobile Alabama that builds new cars using less than 20 hours of human labor per car.
Tariffs are nothing but a huge new consumption tax. Tax increases rarely lead to job creation and consumers pay the price for it.
taylodl•1h ago
duxup•1h ago