Wednesday, March 5, 2025
Labor
The great American manufacturing economy that built the country up from the end of WW2 to the 1980’s was replaced by a combination of sending jobs overseas and growing the financial businesses. Over the past 40 years the money makers have been running the economy at the expense of the working people. Capital has become king and labor second to producing more capital. New phrases like mergers and acquisitions, leverage buy outs, hedge funds and too big to fail banks have taken control of the country but all that is about to change. The Trump revolution means that labor will once again assume its proper place as an equal to capital. As products are made and sold in America the wages paid to workers will be higher than those in foreign market and thus prices will rise along with inflation. Countering this will be the higher productivity from new and improved manufacturing processes and AI. Added to that will be the savings of shortened supply chains meaning lower transportation cost and lower energy cost by maximizing all energy sources including nuclear. The American worker will once again have a shot at the American dream.
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