US companies need to wake the fuck up and get some new factories built, ones that make Chinese factories look old, slow, and inefficient. It can be done.
It certainly can be done and I agree that it is vital. It is, however, not as simple as it sounds.
Companies exist to make money. They can make more by exporting labor overseas. They can make more by opening offices overseas with better tax incentives. They can make more by automating. All of these issues and more need to be addressed comprehensively before American manufacturing can be what it once was.
They also need to have a long term plan and, for a while, give up the "next quarter" mentality. My concern is that US management is too damn lazy to even try.
Too damned lazy and too damned focused on the market reports.
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