'Factory Jobs Are Booming Like It's the 1970' [& the Fed's gonna kill them]

[speak easy]

In the late 70s and early 80s, Paul Volcker killed inflation and American industry. IMO, the 2020s Fed has set sail on the same course.

Factory Jobs Are Booming Like It’s the 1970s

WASHINGTON — Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the pandemic recession has been different: American manufacturers have now added enough jobs to regain all that they shed — and then some.

The resurgence has not been driven by companies bringing back factory jobs that had moved overseas, nor by the brawny industrial sectors and regions often evoked by President Biden, former President Donald J. Trump and other champions of manufacturing.

Instead, the engines in this recovery include pharmaceutical plants, craft breweries and ice-cream makers. The newly created jobs are more likely to be located in the Mountain West and the Southeast than in the classic industrial strongholds of the Great Lakes.

https://www.nytimes.com/2022/09/26/business/factory-jobs-workers-rebound.html

[yankee87]

1. Employees have some leverage

We can’t have the unwashed masses having any power in the workplace. Need to have it back the way it was, with unlimited, unpaid overtime, and fear of constantly losing their job.
Vote union

[Walleye]

2. Republicans call labor laws "burdensome regulations"

[ChcioInf]

3. Finally

Encouraging news after all the useless talk/promises. Let this in-sourcing start a trend of reversing US based consumer/ commercial products. I recall as a salesman way back when, customers would insist on buying made in USA goods. Although a bit pricey than the cheaper imports, yet the durable quality outlasted. That was my pitch to close a deal and make regulars.

[gopiscrap]

4. welcome to DU