P@triot
Diamond Member
- Thread starter
- #61
Eliminate costly regulations. Drastically reduce taxes. Foster "right-to-work" states (like Wisconsin and Michigan became) to help reduce union extortion (which is often times an unbearable burden on business).About the best they can do is eliminate a lot of the regulations that have been imposed on every single industry in this country, some of it ridiculous. to help encourage manufacturing companies to stay in this country. They can try lowering the corporate tax rate, but studies have shown in the past, that it really plays no hand in increasing job growth in manufacturing.
Automation is what builds wealth. It's what increases GDP. The ATM didn't eliminate bank teller jobs. It simply reduced them. But it increased the demand for engineers to design the machines, manufacturing to build the machines, and labor to install and repair the machines (almost all of which were better paying jobs than the bank teller). So the jobs essentially shifted to better paying jobs. That's what automation does. It takes low-skilled, redundant jobs and produces at a higher level with less error, while shifting those jobs to higher skilled jobs of engineering the machines, producing them, and repairing them.And to keep in mind, automation has done a lot in this country to reduce jobs in manufacturing. Machines taking the place of people.