This is PHENOMENAL! Bring those jobs home, baby!
Those jobs left the country as high paying union labor, they will return as low paying, no benefit, shit jobs.
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Factory construction spending booms post pandemic
Companies got an abrupt lesson in how badly just in time supply chains can go when there’s so many potential failure points. A lot of them are finally learning that supply chains need to be shortened. Plus tensions have only continued to build with the China-Taiwan situation so there’s reason to question long term dependence on manufacturing from either area.
None of Biden’s policies would explain a quadrupling of manufacturing construction spending, and we would expect to see similar changes no matter who is in office.
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