Harris and Trump want to make stuff in America again

 

That’s really hard to do

Under the Biden administration, the US manufacturing industry has been infused by billions of dollars of investments, including $53 billion from the CHIPS and Science Act to boost the semiconductor business 

and a bipartisan $1.2 trillion infrastructure spending package passed by Congress. 

Once the US economy rose from the ashes after being battered by the Covid-19 pandemic, that stunning momentum was a tide that lifted all boats, including manufacturing. 

But that impetus didn’t last.

Not only does the industry have a long way to go before employment levels return to where they were before the Great Recession, 

but total US manufacturing employment in August was only about 1.2% higher than in February 2020. 

Manufacturers have lost jobs in four of the past eight months 

There’s also the lingering fact that labor remains cheaper in many, many other countries compared to the US, where manufacturers have had to manage demands from labor unions in recent years.

CNN 26 September 2024

https://edition.cnn.com/2024/09/26/economy/us-manufacturing-trump-harris-plans/index.html

Tillbaka till den 26 September 2024

https://englundmacro.blogspot.com/2024/09/wall-street-och-stockholm-26-september.html