| I see what you are saying, but I think you're incorrect. What's more likely to happen in my mind is that there will be fewer people running factories. Recall, right now slave labor makes up a large amount of what you use. To adjust for that, you'll have to maximize worker productivity. That means more factories (potentially smaller and / or more generalized) and automation building various parts / equipment. Assembly often occurred in the host country anyway, so I don't see that changing too much. It'll be the tool and part making that'll have to return to places like the United States. I do think cost of goods will be high if we don't loosen some of the regulations, we need to keep people safe, but I think there's a balance. The reason people think it'll be an improvement has to do with competition. If there's a market for a set of goods here, it'll be filled. It may start off expensive, but as automation improves the process you need less workers and more machines. That's fine and eventually the product will be cheap to produce, but the people producing the good will be highly skilled (i.e. be well paid). Where I'm living there's a lot of factories. Salaries range from 65-110k in the factory work, all of which would be considered good wages in an area where the average home price is $300k (with low taxes). |
I'm also not optimistic about the American populace's ability to deal with shortages without rioting.