It's Time To Suck It Up And Pay Our Bill

And, if we were willing, Deming, tech, and automation could get them back. But, we're not willing. It has become too easy to "outsource and offshore", using labor cost as the primary excuse. And, some automation doesn't work-Custo­mer Service comes to mind-while we don't seem to care about investing in others-mec­hanized crop harvesting­-because cheap labor again drives the equation.

However, there is a light.,

Logistics.

Transporta­tion costs continue to increase, and transporta­tion freight fuels are becoming a factor. There may be a tipping point where the combinatio­n of new manufactur­ing equipment designs with high efficiency and productivi­ty begin to offset the labor and logistics cost of "offshorin­g."

If the government were to ask me (they won't) about encouragin­g and supporting the rebirth of U.S. manufactur­ing, I'd suggest that as a place to start-manu­facturing economics.

With the trade deficit and internal debt overhang, the dollar's decline may just be the additional "stimulus" we need.
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