These experts (sic) miss the macro trend tho. Manufacturing paradigm will change from large central urban based to smaller rural and dispersed base.
Robotics, automation driver-less trucks, local renewable power etc tend to point to smaller manufacturing/farming ops away from the increasingly dangerous and costly cities. Of course this would also involve elimination of much of the ruling class’s self-protecting regulatory systems creating free-market-killing barriers to entry.
When the prices drop to price of a luxury car to make a small manufacturing operation for widgets in your own neighborhood with little or no staff and deliveries by robotic means the base factors the article relies on go out the window.
Think a thousand widget makers all over the country competing on quality and price with relatively low start up and distribution costs.
“Think a thousand widget makers all over the country competing on quality and price with relatively low start up and distribution costs”.............
There will always be the issue of “supply and demand”. As the population increases, there will be a demand for those products current produced off shore which could easily be produced here in the U.S. The big issue is are the American people willing to work for lower wages and we already see that they will NOT, as they demand $15.00 min hourly wages.
A boss of mine bought a plastic extrusion machine for his basement and ended up with 5 factories. It was an ad in the back of Popular Mechanics.
This the wave that is coming. It has been here for many decades.