I remember the projection from years ago (say c 1985)....Either you will be a specialist (Doctor, Lawyer, Engineer, etc.....or in the service industry which is where we’re at.
Wow.
Businesses that are location dependent are safe also, basically anything that can be outsourced will be.
Various factions have conspired/collaborated to make manufacturing in USA a more and more daunting proposition.
I was at a boot store today, where more and more of the merchandise hails from China and Mexico. The salesguy told me this is due in some part to easier regulations pertaining to rubber for boot soles — that the leather is US leather and is sent to China to get soles because that’s cheaper than running an EPA/OSHA/whatever compliant factory here.
I don’t know about soles, but souls seem to have been sold because any incompetent who wants to add a rule seems to have a way of doing it, and the rule virtually never gets backed out or replaced with a more efficient rule even focused on the very same end.
A fellow like Trump would have little patience with this. No he wouldn’t want to abolish OSHA, etc. rules wholesale... he’s got too much liberal left in him if nothing more... but he would want them to make business sense because he can see it from management point of view too. Might end up establishing some rule revision committees focused on just that kind of thing.
Doctors and Lawyers are almost all service providers. It would also be interesting to determine whether there are more engineers (other than software) employed in the manufacturing sector or Government Sector.