- MemberMay 11, 2020 at 11:50 am
Really interesting change as traditionally we hear about trump wanting classic manufacturing factories coming back to the US. Now the defense department is advocating that our reliance on so much overseas semiconductor manufacturing is a national security issue. I can imagine the government will identify other industries that are largely overseas as national security threats as well and will incentivize heavily to bring them here domestically/give business to American companies instead.
- AdministratorMay 11, 2020 at 1:44 pm
Yep. I foresee a major rift in trade, especially with China. I’m not quite sure what that means for an economic recovery, though. It could cut both ways – massive job growth by bringing those jobs back? Or higher costs and tough transition causes headwinds to growth?
- MemberMay 11, 2020 at 1:52 pm
I think the job growth could potentially be muted by these industries coming back depending on the level of automation that will be applied. I know we’re a long way away from everything industrial being automated but look for a shift if they’re having to open all new infrastructure.
Log in to reply.