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Reshore Production Now - How to Rebuild Manufacturing and Restore High Wages, High Profits, and National Prosperity in the USA (Paperback)
Loot Price: R1,145
Discovery Miles 11 450
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Reshore Production Now - How to Rebuild Manufacturing and Restore High Wages, High Profits, and National Prosperity in the USA (Paperback)
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This book addresses the vital importance of reshoring US
manufacturing capability to ensure economic and military security
and then discusses the proven methods that the United States used
to gain manufacturing supremacy in the first place. The vital
takeaway is: If the job can be made sufficiently productive, the
per-unit labor cost ceases to be relevant which means a business
can pay high wages, realize high profits, and deliver low prices
simultaneously. The contest is then not between high wages and
cheap labor, but between efficiency and inefficiency and, when
automation is involved, machine against machine. Readers will be
able to put these principles to work very quickly to achieve
tangible results. The relatively low Federal minimum wage has
meanwhile become a major issue, but inflation skyrocketed in the
second quarter of 2022 when higher wages, and higher demand for
goods and services, were not matched with higher productivity. The
book addresses the relationship between the money supply and the
velocity of money to prices, wages, and productivity. A
manufacturing resurgence in the United States will not only
increase our standard of living enormously but generate taxable
economic activity that will help pay down rather than increase the
Federal debt. Higher productivity also delivers a greater supply of
goods to accompany higher wages, and thus works against inflation.
This can prevent looming recessions and disruptions.
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