The US is building factories at a wildly fast rate
The US is building factories at a wildly fast rate
New Census Bureau data shows construction spending by US manufacturers has more than doubled to nearly $190 billion from last year.
That’s some good news.
Fantastic news for American workers and economy
it's good in the short term but realistically this news is a canary in the coal mine moment
we are decoupling our economies from the global system - increasing the chances for cold and/or hot war
The writing was on the wall for the current global economy as soon as BRICS was announced.
This is some great news. De-industrialization has created a skills gap in the trades that is going to take a generation or more to overcome. So many industries are utterly dependent on skilled people that have many years of experience, and those people are aging out of the workforce too rapidly to be replaced.
The culture shift in the 80s, 90s, and 2000s which treated “blue collar” as something for young adults to try to avoid is partially responsible, but without the demand for those jobs there was no push to fix that.
Yes this is great, it also helps us deal with China.
@sirboozebum I really hope for the people in all those places that went to shit when the factories got closed, that this will bring income and luck to them.
It is interesting that there is a lot of new construction, as it highlights the changing goods that are being produced in the US. I imagine many of those closed down factories in the rust belt/Midwest aren't coming back, as those jobs (machining, welding, stamping, etc.) might still be done in LCC. The new construction $ is likely driven by biopharma, semiconductor, EV, and other high-tech manufacturing as the article starts to imply.
@DefiantTostada
Aah, then I haven't read the article well enough. No those sectors are not likely to have a high percentage of workers from the rust belt/midwest (generalizing here of course).
Oh they aren't building THERE, they're building near major cities
Most of those places are major cities…….you guys forget how many people still live in the rust belt?
It's about time. I would love to see Made in USA for everything I purchase.
Great!
Gotta have somewhere to force all those children to work, right?