You say they're doing it to maintain salaries higher but areas like the rust belt have been destroyed financially to the point people have fled those states. They're making far less money than they used too, how come this movement of industrial power hasn't made their states richer in return for a "service based approach" why didn't any of those plants that produced goods be converted into business that are less "capital intensive" instead of being destroyed. This logic does not work because those industries are still invested in heavy "capital intensive" industrial production, they're just invested in other countries and not our own, in fact they're producing far more than they used to.
The only sane post here
They were happy being dependent on a country run by ULTRA HITLER: AGENTORANGE? Why didn't they just ask the OG HITLER for military protection instead of fighting him?
Well, they left because you cannot convert a car factory into a law firm or consultancy, the only reason those towns existed dried up, just like how old mining towns had to die when their natural resources dried up. Does it suck? Yes, but the only way to bring them back to life is to make their industries competitive again, and because those buisnesses are races to the bottom, you're either going to increase the cost of everything more massively (probably beyond the tariffs, because if say, Vietnam has a cost of living that is one third of what's in the US, you'd need to raise tariffs to the point where things are a 3 times more expensive for the US salaries to be competitive with Vitenamese salaries), and that's going to ensure people have access to less goods which means buisness compete for a smaller pie. I get what you're saying and empathize with it, but there's also a point where towns really do lose a reason to exist, and to artificially preserve that lifetime at the cost of everything else is not probably a good idea in the long run.
Because they doubled down on manufacturing magically returning in all its past glory rather than accept that the world changed. I have zero sympathy.
Bait but, why can't it be? We have automation, spaceships being reused, natural resources... Vietnam and Japan can still be players, but American wants to be on top.
Maybe what Trump is trying to do is have a balanced economy?
And now consider that the US has the 5th highest median salary in the world, only behind meme states like Luxenburg. The world is omegafucked in general, the US is still getting a better deal despite everything.
Increase of salary does not matter when you can't afford the shit that is 3 times as expensive as the median increase. Consumerism in America is down nearly 100bil dollars on average
You’re retarded, those fields don’t create wealth. Your thinking has fucked over the average American. Go fuck yourself.
The "service economy" idiots were baffled when Russia was able to weather their sanctions despite having a "tiny" economy on paper.
I agree, the world is fucked.
Here’s the hilarious part, the Job losses post 2020 have been vastly disproportionately of these paper pushing jobs.
My favorite was when they came up with the oil sanction idea. Great job creating a shadow fleet of uninsured, aging tankers doing ship to ship transfers off the coast of Spain. No chance that could ever go wrong.
