How much do you think it costs to make a pair of Nike shoes in Asia?

It’s like people excited about the new datacenter being built in their town, think of all the jobs that will bring they cry. Nobody realizes it takes 6 people to run a datacenter.

Bringing “manufacturing back to the US” is a fool’s errand. The future of manufacturing is automation, not jobs.

> Bringing “manufacturing back to the US” is a fool’s errand. The future of manufacturing is automation, not jobs.

That’s probably correct. But the current trajectory means that China will have the robot-operated factories, not the US. What do you anticipate the US will do to obtain goods from those Chinese factories? Especially when AI stands poised to obsolete a lot of the white collar jobs where the US still retains a competitive edge?

You can’t treat the reserve dollar as something that will perpetually defy physics. The pound used to be the world’s reserve currency not too long ago. There’s no reason for the world to continue flocking to dollars when other economies surpass the US.

'The dollar might be weakened in the future so we must immediately blow it and our entire deeply thought out, researched, and supported policy since the 1940s up to now with no plan all based on a book the President read and hope things work out better than what might have happened sometime in the future (but that there were no signs was happening soon)'.

The dollar will be weakened in the future. Is there any doubt about it? We cannot continue operating in this post-war regime when the conditions for the post-war regime have been dismantled.

I have rarely ever aligned with this president, but it is clear that we need to bring manufacturing home if we are going to have any future.

It's almost like the Biden CHIPS act was designed to do that in a non-stupid way.