Mattel CEO says toy manufacturing won't come to America, but price hikes will
Mattel CEO says toy manufacturing won't come to America, but price hikes will
For real though are there any actual companies rushing to start manufacturing in the US given how unstable it is politically and economically?
You'll probably see factories that are already functional add a shift or get some new machines to invest domestic production. Wholly new production? I doubt it.
No, you really won't.
The workforce just doesn't fucking exist. Factory labor struggles to recruit as it is. Half the existing workforce is made up of immigrants, and that's a conservative estimate.
As the supply chain starts breaking down it won't matter anyway, because even with increased demand for American made products, the difficulty we'll face in basic maintenance because most of what is used is imported is going to become a massive bottleneck.
Half the existing workforce is made up of immigrants, and that's a conservative estimate
Not to mention Trump is also enacting anti-immigrant policies making it even less attractive for immigrants to come in and be part of the workforce that the ruling class desperately needs. This is why I've always been saying Trump doesn't understand capitalism/imperialism.
Whether intentional or not, we are heading for a re-proletarianization of the labour aristocracy
Whether intentional or not, we are heading for a re-proletarianization of the labour aristocracy
Good tbh, that's communist party time
This is, and has been, already happening, regardless of the tariffs. The biggest difference is that now local manufacturing will be able to raise prices on domestic goods because the overall competitive market price has gone up. Fun stuff!
The majority of Mattel's factories have been moved to Mexico and the US a while ago, a little bit before Trumps IIRC (the one that stayed were the one where local government gave tax incentive to stay because of the economical contributions). North American jobs are mostly office work which haven't really moved.
I can't imagine any rational investor putting money into manufacturing in US in the current conditions.
Probably very few because most companies still source inputs from China so they either need to start pricing in higher input costs or decrease production while they hold off on orders hoping the tariffs are rolled back. Since this impacts basically everything, the inflation will hurt demand, so companies raising prices will also have difficulty selling, and not just because their own product's price went up.
This is basically a stagflation self-own.