05-25-2021, 11:36 AM
(05-25-2021, 11:29 AM)Wes Mantooth Wrote: Fwiw, I just skimmed this and will read the rest after posting this...
I just want to be clear, my question didn't really relove around the idea of bringing jobs home or creating jobs in the US. It's more of a simply moving production (to anywhere else) from China.
I understand this idea that we should bring all of our manufacturing back home is fool's gold. While I do applaud companies that are able to do this, it's not feasible on a larger scale.
Fwiw, I used to work for a company (guitar company) years ago that did a ton of importing. We actually built our own factory in China, and also used Vietnam and Korea for other production runs. I'm a little versed on the subject. I understand moving production is easier said then done because companies have invested in infrastructure in China. I also know there's a cost to using more expensive labor (Korea was much more expensive than China, but it was also higher quality)
Even if this takes some time I think it's worth it. Perhaps we could even maybe even roll back some current tarrifs, and then scale them higher as time goes on to allow companies the time they need to explore alternatives.
Those companies then still have to get the materials from somewhere...that is usually China. The reason China makes so much sense is that they have the materials and the labor force. Simply moving to a new place with the labor force doesn't solve the materials issue. China is the perfect storm, which is why their dominance isn't a coincidence. If you move you'll still be importing materials from China and they will simply up the cost on those materials until they make you uncompetitive to their own knock-off brands.
