Home shoring

There is not much news reporting on US companies investing in the US but searching can reveal new facilities and expanding of existing plants Major US companies are investing in domestic production of home electronics which are devices used for entertainment, communication, recreation and household tasks Companies like GE and Whirlpool are investing in domestic appliance production to expand manufacturing, create jobs, and modernize their plants. This includes products like washers and dryers, air conditioners and water heaters. Major foreign investments in autos and chips total in the billions. The country is experiencing the revitalization of manufacturing. This is prompted by shorter supply chains, lower regulations, increased transportation cost and tariffs. The US with 5% of the world’s population consumes 30% of the consumer goods. Companies invest in the US because that is where their customers live. The US 50% tariffs on aluminum and steel have increased the cost of appliances to where products made in the US are price competitive. Forty years ago, 80% of the items Americans bought were made by U.S. producers. Today, U.S. manufacturers make only about 11% of American-bought goods. This is why the middle-income workers wages have stagnated while corporate profits have exploded, both of which have contributed to the wealth and income gap. It is time to reveres this process and bring manufacturing jobs back home.