Comment by hintymad

Comment by hintymad 4 days ago

1 reply

Personally I won't mind paying more to buy manufactured goods. My mom told me that a pair of sneakers before the offshoring back in the late 80s usually cost more than $300 in today's dollars. Yes, it was expensive, but I would just buy fewer and use the one for longer time. The reason is that in the long run the manufacturing cost would get lower due to increased efficiency, and loss of supply chain is detrimental to the entire country - and our living expenses will increase overall. Case in point, how much tax do we have to pay and how much inflation do we have to suffer in order to build those super expensive weapons? Part of the reasons that we had $20K toilet and $100 screws is that we simply don't have large enough supply chain to offset the cost of customized manufacturing.

Besides, the US loses know-how on manufacturing, eliminating potentially hundreds of thousands of high-paying engineering jobs - it will also be a pipe dream that we can keep the so-called high-end jobs by sitting in an office drawing boxes all day. Sooner or later, those who work with the actual manufacturing processes on the factor floor will out compete us and grab our the cushy "design" jobs.

whimsicalism 4 days ago

it’s mostly just baumol cost disease.

you can feel free to buy american, i don’t care so i would prefer if it were not mandated and you get your individual choice to pay more for your goods if you want