Reshoring

Over the past 50 years politicians from both parties have been co opted by a partnership between business and government. The result has been growth in government power and profits for business at he expense of factory workers. These workers, people who are paid by the hour, have watched their jobs disappear as globalization became the policy and the bureaucracy became the status quo. While the American elite talked about idealistic goals like climate change and freedom they worked to send jobs to China where coal was king and low wages and slave labor were the norm. That started to change ten years ago when Trump pointed out the unfairness of China's trade policies and it has gained momentum ever since. Globalization is out and reshoring is in as companies are bringing worker jobs back home to the US. This means a doubling of the US industrial base over the next ten years but these new facilities will combine workers with the latest technology including AI, which will increase productivity which means higher wages. The downside is wage\price inflation but if things balance it can be like the 1950's where wages increased slightly faster than prices.