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by bildung
440 days ago
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Your scenario is more like a best-case option, actually. I mean currently there are only 13M people employed in manufacturing in the US [0], while output is at an all time high [1]. The vast majority of this manufacturing is dependent on components imported from other countries - which just got much more expensive. So even if employment in manufacuturing would increase by 20% (unrealistic IMO), that would only translate to 2.6M people - while at the same time losing multiples of that in better-paid jobs in other industries, mostly services. [0] https://fred.stlouisfed.org/series/manemp
[1] https://www.macrotrends.net/global-metrics/countries/USA/uni... |
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