SylviaB
Just Bee Yourself 🐝
"What do we need manufacturing jobs for? Everything in America is going great! Everyone can just be a computer programmer!"
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Australia MIGHT go into a recession (2 Viewers)
- Thread starter jane1820
- Start date
SylviaB
Just Bee Yourself 🐝
"WAHHHHHHHHH trump is abandoning Ukraine!!!! Putin's going to take over the whole world!!!! We need America to fight world war three against Russia right now!!!!"
"Also, why does it matter that Americais incresingly becoming deindustrialized? What do we need heavy industry for? We can just buy everything we need from Russia's biggest ally!"
"Also, why does it matter that Americais incresingly becoming deindustrialized? What do we need heavy industry for? We can just buy everything we need from Russia's biggest ally!"
If this causes interest rates to go down, young people in secure employment with mortgages may be big winners in Australia. RIP older people though, their super will be taking a HUGE hit right about now.
Temu/Shein go too hard.
Also on a serious note, the quality of Chinese stuff has improved a lot in recent years. I had a large fishtank and I used a lot of Chinese products and I have to say, that stuff lasted for YEARS. Whenever Id use the recommended US and German made products they constantly broke down (they were also more than double the price). The parts for the Chinese brands were also so much easier to get. It's not quality, it's simplicity. So much of their products are simple so less goes wrong. The German/US stuff was overengineered.
Also China, feel free to dump some products here if you're hurting from the tariffs - Im a whore for cheap consumer goods.
Also China, feel free to dump some products here if you're hurting from the tariffs - Im a whore for cheap consumer goods.
HazzRat
H̊ͯaͤz͠z̬̼iẻͩ̊͏̖͈̪
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Change my view: manufacturing does not benefit the economy more than any other industry. If the unemployment rate is 4%, and people are employed elsewhere, so be it. In an advanced economy, all that is needed is human resources to generate value.
There is an advantage to maintaining a manufacturing sector in most advanced economies (which is usually what targeted tariffs protect). However, there is a reason most major economies move on from manufacturing towards service sectors as they grow.
Also I feel in a lot of ways, manufacturing is lionised by people. Lets be honest though, how many people aspire to work in manufacturing, or better yet aspire for their kids to work in manufacturing? Not many. The irony of Trump's push towards remaking the US into a manufacturing powerhouse is that most Americans wont want those jobs - those jobs will mostly be filled by immigrants. Australia had the same issue as early as the 60s - hence why I'm talking to you now...in English.
All that said, Trump (as he so often does) speaks a bit of truth - the US far too easily gave up its manufacturing sectors by failing to protect them (ironically, this was pushed by Republicans). However, if Im making you scrambled eggs you cant ask me halfway through for fried eggs sunny side up - the ship on US manufacturing has, unfortunately sailed.