Back in April, Donald Trump touted his aggressive tariff policy as a catalyst for the reshoring of manufacturing jobs. Eight months later, reshoring progress is nowhere to be seen.
The jobs report from the Bureau of Labor Statistics released last week found that while nonfarm payrolls increased by 119,000, there were 6,000 fewer manufacturing jobs, adding to the tally of 59,000 lost factory jobs since Trump’s April vows to ignite domestic manufacturing. The Labor Bureau’s data is consistent with the Institute for Supply Management November report, which indicated an eighth consecutive month of contracting manufacturing jobs.
“The US is losing blue-collar jobs for the first time since the pandemic…as manufacturing industries lose jobs at a rapid pace while growth in construction & transportation has nearly zeroed out,” economic commentator Joseph Politano noted in a LinkedIn post last week.
Yeah, Trump’s an idiot, but the American people are bigger idiots for voting for him, twice.
Its such incoherent policy.
If you want to bring jerbs back to the US just put a tax on outsourced services like call centers. Taxing goods is stupid shit, imo.
- subsidize domestic goods
- tax outsourced services - this also solves the tax haven issue.
It was never about making sense. It’s about putting pressure on lower classes and upward wealth redistribution. Why not a two-for-one?
Step 1: Tariffs!
Step 2: ???
Step 3: America is great again!
Who could’ve predicted the “the dumbest goddamn student” his Wharton professor’s ever had would be so terrible leading the economy. Nobody could’ve seen this coming.
He’s proof that the wealthy make donations to prestigious colleges and the colleges pass them. Meritless system of privilege
Yeah this is what they said would happen, shocker. He oversaw a shrinkage of blue collar jobs his first term too. He’s probably the most anti-middle-class president ever.
A narcissistic billionaire doesn’t care about anyone poorer? Oh, stop.
“Coastal Elite”
Trump, losing manufacturing jobs? Unthinkable, what does he think this is? 2017-2020?
Yeah I work in manufacturing, Biden was good for business, Trump has been awful for it both times.
“Despite trump’s best efforts,” what kind of headline bullshit is that. He sucks at money because he’s a conman and grifter. He is doing great by stealing so fucking much tax payer money, that he doesn’t understand why his poll numbers are so low and everyone else isn’t happy he’s getting richer.
he doesn’t understand why his poll numbers are so low and everyone else isn’t happy he’s getting richer.
No, he doesn’t care. He doesn’t care about anyone but himself.
Best efforts at emptying the cookie jar into the pockets of the rich and blaming everyone else for not giving up enough to keep it full.
“Best Efforts”?
LOL, “best efforts”.
Best efforts at extracting bribes, trinkets, and compliments.
If you want to “re-shore” American jobs it will take hundreds of billions of dollars in direct investment for various industries, and well as ongoing subsidization for education and training…Basically what China has done for 50 years.
Just slapping tariffs on stuff we do not make and cannot make here doesn’t do shit, and I don’t believe that anyone including Donald Trump ever thought it would. The point is to break the fledgling populism that has developed in the people, to eliminate the education that gave us the idea that we could ever rise against our oppressors, and to put us, ALL of us in a state of permanent poverty and desperation while they roll out their “network states” and retire the constitution.
You could argue we finally started making some of those investments in 2022. Over the long run they likely would have increased us manufacturing in key future industries …. But that was all passed been it wasn’t trumps term, so it all had to go
Hey, relax Guy!
Just 59k? Those are rookie numbers son!
I think it’s fair to say those rookie numbers don’t reflect reality. The orange turd can’t have his minions saying anything is less than perfect.
economies like stability, not being all over the place with policies with constant unexpected switches
