Saturday, August 19, 2023

Reshoring

As the population continues to move away from big northern and western cities this trend will grow as the great reshoring continues to expand. The new manufacturing facilities will be built in the south from the Carolina's to Arizona with Texas and Florida leading the way. Low taxes, lower cost of living and better weather will be the main causes. With the end of globalization the US must double its manufacturing over the next few years bringing with it higher wages and higher inflation. If done properly with cooperation between private industry and government the growth will continue many years and the inflation will decline. This may well usher in an economic boom like was seen in the 1950's with wages rising faster than inflation.

No comments:

Post a Comment